After further review of the Company’s transactions of the last 5 years, current management would have to wait 2 years to audit the Company. Management has no desire to wait until 2018 for audited financials, therefore, the Company will cancel any open contracts and reverse merge into a company with audited financials. Management believes that this is the only way to instill market value into the Company.
The Company will go into a quiet period until it is able to complete the reverse merger. Upon completion of the reverse merger, management will remain the same. The anticipated transaction with the audited company should be completed shortly.
Chairman & CEO