Coro Global Inc (CGLO)

[Mithrandir67]

I have addressed my concerns about certain statements here on the I-Hub to Elite in respect to further dilution, Kevin not caring about anything and so on. Here is what Elite responded back to me. Maybe that clarifies some things here and maybe it can be seen as a positive statement over all.

quote:
"Both Kevin and Lyle Hauser are under a six-month lock-up agreement which went into effect in July, pursuant to the latest stock purchase agreement with the latest equity financing completed, so they are not permitted to sell any shares. And, I can assure you that they have no interest in selling their shares. Last year in June, the Company raised $1 million from outside investors. In June of this year, the restriction, pursuant to Rule 144, was lifted, so I think it’s a good bet that some of those investors may be selling – although there is no way to confirm. Elite has accepted restricted shares in lieu of cash compensation from the Company – we could not sell any shares even if we desired to, which we do not.



Hope this helps address your concern." end of quote;

Mit