Ouch! 8k says Ch 7 liquidation
Item 1.03 Bankruptcy or Receivership.
On September 28, 2010, Electronic Game Card, Inc., a Nevada corporation (the “Company”), filed a voluntary petition for relief under Chapter 7 of Title 11 of the United States Code in the United States Bankruptcy Court for the District of Nevada. It is expected that the court will appoint a Chapter 7 trustee who will be responsible for the liquidation of the business through the bankruptcy case.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 28, 2010, Kevin Donovan tendered his resignation from the Board of Directors of the Company and from the Board of Directors of the Company’s subsidiaries. Mr. Donovan also tendered his resignation as Chief Executive Officer and Interim Co-Chairman of the Board of the Company, effective at 11:59 pm PST on September 28, 2010.
On September 28, 2010, Eugene Christiansen tendered his resignation from the Board of Directors of the Company and from the Board of Directors of the Company’s subsidiaries. Mr. Christiansen also tendered his resignation as Interim Co-Chairman of the Board and Secretary of the Company, effective at 11:59 pm PST on September 28, 2010.
With of the resignations of Mr. Donovan and Mr. Christiansen, the Company no longer has any directors or officers. The Company has no employees.
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SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Electronic Game Card, Inc.
By: /s/ Kevin Donovan
Title: Chief Executive Officer
September 28, 2010
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