Gem Holdings Acquisition

Proceeding to Completion

We were slightly delayed in our 10-K filing due to debate about whether the Company was a shell company or not. This was significant because, if the Company was a shell company, the Company would need to file a Super 8k in relation to the GEM Holdings acquisition within 4 days of Completion, including audited accounts for GEM within that four day period.

We obtained attorney advice that the Company is not a shell company and therefore has 71 days from Completion to file the audited accounts for GEM Holdings. We are now ready to proceed to Completion of the GEM Holdings acquisition.

2018-05-30T08:47:40+00:00