Interestingly enough Subsequent to March 31, 201
Post# of 45510
Subsequent to March 31, 2013, (see subsequent events), the Company rescinded the Punch Television Network Agreement and all associated employment agreements and the entire transaction has been cancelled by mutual agreement of both parties. All shares the Company issued as a result of the previous contract are canceled as a result of the Rescission (totaling 285 million shares of common stock ). Joseph Collins resigned as President and director as result of the rescission of the Punch Television Network Agreement.
has been replaced with
Effective May 14, 2013, the Company rescinded the Punch Television Network Agreement and all associated employment agreements and the entire transaction has been cancelled by mutual agreement of both parties. Joseph Collins resigned as President and Director as result of the rescission of the Punch Television Network Agreement. All 285 million shares the Company issued as a result of the previous contracts are expected to be returned to the Company . T he Company has received 153,000,000 shares, leaving 132,000,000 shares receivable as of September 30, 2013.