Friday, July 01, 2022 12:27:52 PM
Could explain why the audit never has come. Almost 3 years ago he said it was %99 completed.
FROM THE COMPANY'S FINANCIALS........
Conflicts of Interest
Our Chief Executive Officer has potential conflicts of interest because of his interests in entities with which we have license agreements. Our Chief Executive Officer owns 100% of our Preferred Shares and is also a Managing Member and 80% owner of Bullitt Point. We and Bullitt Point have completed a May 1, 2019 Letter of Intent to establish a joint venture project whereby in return for funding of $5,000,000 to the joint venture, we will hold 50% interest in all of Bullitt Point’s entertainment properties. Our Chief Executive Officer is also a Managing Member of Kannabis Kings. Accordingly, our Chief Executive Officer has potential conflicts of interest between his interests in Bullitt Point and our interests, and
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