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Posted On: 09/04/2018 5:59:01 PM
Post# of 29251
I received this email from WARC
Hello,
Please see the following notification regarding AND/Utopya.
http://war.systems/pages/notice-of-termination.html
NOTICE ON TERMINATION OF ACQUISITION
We have terminated our acquisition with ANDI/Utopya on basis of a breach of our Acquisition Agreement.
Our agreement for our acquisition required certain conditions we have requested them to meet. Unfortunately, following many delays and critical failure to comply with our terms of acquisition we have decided to cancel our agreement and discontinue any and all cooperation with ANDI.
It is important to note that although we were supposed to be issued shares in the public company, no shares ever exchanged hands. And because we’ve terminated our agreement, no shares will ever be exchanged at any point in the future.
Most importantly, neither WeWi nor any of its shareholders, members of the board or employees received any compensation, shares or traded any of ANDI/Utopya stock at any point prior, during or after the acquisition agreement.
We are a product company, focused on the research and development of technology that can help make the world into a better place, and we will continue to work hard towards our goals as a separate entity.
We thank all of you that have contacted us in the past few months to inquire about the acquisition.
It is very unfortunate things didn't work out between our groups, and we wish you all the very best.
Kind Regards,
W.A.R.C
Hello,
Please see the following notification regarding AND/Utopya.
http://war.systems/pages/notice-of-termination.html
NOTICE ON TERMINATION OF ACQUISITION
We have terminated our acquisition with ANDI/Utopya on basis of a breach of our Acquisition Agreement.
Our agreement for our acquisition required certain conditions we have requested them to meet. Unfortunately, following many delays and critical failure to comply with our terms of acquisition we have decided to cancel our agreement and discontinue any and all cooperation with ANDI.
It is important to note that although we were supposed to be issued shares in the public company, no shares ever exchanged hands. And because we’ve terminated our agreement, no shares will ever be exchanged at any point in the future.
Most importantly, neither WeWi nor any of its shareholders, members of the board or employees received any compensation, shares or traded any of ANDI/Utopya stock at any point prior, during or after the acquisition agreement.
We are a product company, focused on the research and development of technology that can help make the world into a better place, and we will continue to work hard towards our goals as a separate entity.
We thank all of you that have contacted us in the past few months to inquire about the acquisition.
It is very unfortunate things didn't work out between our groups, and we wish you all the very best.
Kind Regards,
W.A.R.C
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