$TXHD 8k just out http://www.otcmarkets.com/ed
Post# of 1705
Posted On: 09/09/2016 2:47:45 PM
$TXHD 8k just out
http://www.otcmarkets.com/edgar/GetFilingHtml...D=11587263
This 8k resolves the dispute as per last 10q (see below for details) and returns the 59.4 mil shares back to the company.
From Last 10q ...
http://www.otcmarkets.com/edgar/GetFilingHtml...D=11521315
"Litigations, Claims and Assessments
The Company may become involved in various lawsuits and legal proceedings, which arise in the ordinary course of business.
Included in this litigation is a dispute over a $36,363 note secured by 59,400,000 shares of the Company’s common stock. In the view of management, there are significant issues of fact regarding the proper issuance and assumption of this note by the Company. Additionally, there are issues over the validity of the prior debt. Regardless, the Company is in discussions to settle this note, and while no guarantee can be given as to the successful resolution of this matter, the Company believes it will be resolved without litigation.
However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise that may harm its business. The Company is currently not aware of any such legal proceedings or claims that they believe will have, individually or in the aggregate, a material adverse affect on its business, financial condition or operating results."
http://www.otcmarkets.com/edgar/GetFilingHtml...D=11587263
This 8k resolves the dispute as per last 10q (see below for details) and returns the 59.4 mil shares back to the company.
From Last 10q ...
http://www.otcmarkets.com/edgar/GetFilingHtml...D=11521315
"Litigations, Claims and Assessments
The Company may become involved in various lawsuits and legal proceedings, which arise in the ordinary course of business.
Included in this litigation is a dispute over a $36,363 note secured by 59,400,000 shares of the Company’s common stock. In the view of management, there are significant issues of fact regarding the proper issuance and assumption of this note by the Company. Additionally, there are issues over the validity of the prior debt. Regardless, the Company is in discussions to settle this note, and while no guarantee can be given as to the successful resolution of this matter, the Company believes it will be resolved without litigation.
However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise that may harm its business. The Company is currently not aware of any such legal proceedings or claims that they believe will have, individually or in the aggregate, a material adverse affect on its business, financial condition or operating results."
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