Thursday, September 26, 2024 8:09:03 PM
"on September 7, 2024, the parties to the above mentioned Securities Purchase Agreement (SPA) that gave rise to the $475,000 convertible notes decided to rescind and cancel the agreement due to series of misunderstanding of terms of the reverse merger which led to the refusal of the board of both entities to decline approval of the reverse merger. The group hope to formulate a new agreement in the future but the terms of such future agreement is uncertain. The analysis below takes into consideration a scenario that includes a new agreement with similar terms, thus the following analysis....."
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