COWI Board Information
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Posted On: 12/15/2017 1:24:01 PM
*** BOARD INFORMATION A/O 12/15/2017 ***
JANUARY 12, 2017 SEC FILING 8-K
http://www.otcmarkets.com/edgar/GetFilingHtml...D=11780100
Item 8.01 Other Events.
Despite issuing a Report on Form 8-K on October 28, 2016, asserting that the Board of Directors of CoroWare, Inc. (“Company’) intended to wind down the operations of the Company and its subsidiaries, the Company has instead since the aforesaid date continued its operations and has pursued and has been presented with various joint venture opportunities with private companies engaged in shipping, logistics and related services and products.
On January 7, 2017, the Board of Directors authorized its management team to pursue joint venture opportunities through CoroWare, Inc.
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
COROWARE, INC.
Date: January 11, 2017
By:
Lloyd Spencer
Chief Executive Officer
OCTOBER 28, 2016 SEC FILING 8-K
http://www.otcmarkets.com/edgar/GetFilingHtml...D=11655150
Item 2.05 Costs Associated with Exit or of Disposal Activities.
See the entry below for Item 8.01 Other Events.
Item 8.01 Other Events.
The Board of Directors of CoroWare, Inc., at a meeting held on October 28, 2016, has determined that CoroWare, Inc. and all of its subsidiaries (“CoroWare) shall cease operations on or about November 1, 2016 as a consequence of CoroWare’s insufficient cash reserves, accumulated tax and debt liabilities, and certain recent events resulting from the Notice of Default from YA Global Investments, LP (“YA Global”) received on October 22, 2016. CoroWare filed a Form 8-K/A on October 27, 2016 describing the Notice of Default dated October 22, 2016 on a Debenture in favor of YA Global and pursuant to which YA Global has accelerated the amount to be immediately due and owing under the Debenture to be a total of $2,885,607.98 ($2,769,990.00 principal and $115,617.98 interest (as of Oct. 18, 2016)).
Moreover, YA Global Investments has asserted its security interest in all CoroWare assets, including accounts receivable payments from CoroWare’s customers; and has elected to receive all outstanding accounts payable payments due and owing to CoroWare directly from those customers. This action impacted CoroWare’s ability to satisfy all short term and long term financial obligations.
As a result, the Board of Directors intends to wind down the operations of CoroWare, Inc. and all of its subsidiaries in an orderly fashion. At the time of this filing, CoroWare is unable in good faith to determine an estimate of the total costs (or range of costs) to be incurred that will be associated with this course of action.
JANUARY 12, 2017 SEC FILING 8-K
http://www.otcmarkets.com/edgar/GetFilingHtml...D=11780100
Item 8.01 Other Events.
Despite issuing a Report on Form 8-K on October 28, 2016, asserting that the Board of Directors of CoroWare, Inc. (“Company’) intended to wind down the operations of the Company and its subsidiaries, the Company has instead since the aforesaid date continued its operations and has pursued and has been presented with various joint venture opportunities with private companies engaged in shipping, logistics and related services and products.
On January 7, 2017, the Board of Directors authorized its management team to pursue joint venture opportunities through CoroWare, Inc.
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
COROWARE, INC.
Date: January 11, 2017
By:
Lloyd Spencer
Chief Executive Officer
OCTOBER 28, 2016 SEC FILING 8-K
http://www.otcmarkets.com/edgar/GetFilingHtml...D=11655150
Item 2.05 Costs Associated with Exit or of Disposal Activities.
See the entry below for Item 8.01 Other Events.
Item 8.01 Other Events.
The Board of Directors of CoroWare, Inc., at a meeting held on October 28, 2016, has determined that CoroWare, Inc. and all of its subsidiaries (“CoroWare) shall cease operations on or about November 1, 2016 as a consequence of CoroWare’s insufficient cash reserves, accumulated tax and debt liabilities, and certain recent events resulting from the Notice of Default from YA Global Investments, LP (“YA Global”) received on October 22, 2016. CoroWare filed a Form 8-K/A on October 27, 2016 describing the Notice of Default dated October 22, 2016 on a Debenture in favor of YA Global and pursuant to which YA Global has accelerated the amount to be immediately due and owing under the Debenture to be a total of $2,885,607.98 ($2,769,990.00 principal and $115,617.98 interest (as of Oct. 18, 2016)).
Moreover, YA Global Investments has asserted its security interest in all CoroWare assets, including accounts receivable payments from CoroWare’s customers; and has elected to receive all outstanding accounts payable payments due and owing to CoroWare directly from those customers. This action impacted CoroWare’s ability to satisfy all short term and long term financial obligations.
As a result, the Board of Directors intends to wind down the operations of CoroWare, Inc. and all of its subsidiaries in an orderly fashion. At the time of this filing, CoroWare is unable in good faith to determine an estimate of the total costs (or range of costs) to be incurred that will be associated with this course of action.
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There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in all and any posts.
My posts are NOT investment advice. I am not paid to post.
The writer of the above post shall NOT accept any liability for the accuracy or completeness of the information contained in the above post, for any reliance placed by any person on the information contained in the above post, or for any damage or loss, however caused, in connection with the use or reliance on any information contained in the above post.
The above post may contain links to websites owned and operated by third parties.
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