Is it Securities Fraud to put out a PR stating an acquisition has 100% been completed and then 6 months later say it wasnt? How in the world could anyone in their right mind not call this a scam?
ALL THINGS MOBILE ANALYTIC INC. (OTC: ATMH)ANNOUNCE COMPLETION OF ACQUISITION OF NEXTCHAMPIONS HOLDING LIMITEDNEW YORK, –October 20th, 2020-All Things Mobile Analytic Inc. (OTC: ATMH) a U.S based publicly listed company offering a leading-edge 21st Century Enhanced Fintechnology and Telecommunications Services is pleased to announce that the 100% acquisition of Nextchampions Holding Limited has been completed, an Internet of Things-Technology and Mobile Developer Holding Company including Brands and Digital Platform and Web Marketplace.
While during October 2020 the Company entered into an Acquisition and Exchange of Shares Agreement (the “Agreement”) with Nextchampions Ltd., a corporation incorporated under the laws of the United Kingdom and the parent corporation of VOX, both entities being controlled by an officer and director of the Company, the Agreement did not close, and the parties agreed subsequently to enter into a licensing and usage agreement for the app PayToGo. Under the terms of the new agreement, the ownership of PayToGo is transferred to VOX, and the Company will receive a royalty on all gross revenuegenerated in the local Brazilian market. Additionally the Company will have exclusive rights to the app and all revenues derived therefrom in all markets outside Brazil.