$UMAX Tue, January 19, 2021, 7:30 AM·6 min read
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Posted On: 01/20/2021 9:12:20 AM
$UMAX Tue, January 19, 2021, 7:30 AM·6 min read
LAS VEGAS, Jan. 19, 2021 /PRNewswire/ -- UMAX Group Corp. (the "Company" or "UMAX" - Pink Sheets Alternative Reporting Pink: UMAX) – UMAX and its wholly-owned subsidiary, Home Foam Corporation, would like to provide a follow up on the current status of corporate governance announcements released over the past couple months.
Mr. Fletcher (President and CEO of the Company), states…"UMAX is committed to providing the public material business updates on a regular basis. These announcements will also provide updates on previously announced events that have not been fully completed. While we do have some material events to announce in the coming weeks and months related to revenue events for Home Foam along with potential acquisitions for UMAX, we felt this week we would provide this general update on items still outstanding. We feel that providing the public with regular information updates is the key to becoming a fully transparent issuer for our public shareholders."
Below is list of the still outstanding items we have announced which have not been completed along with the time frames for completion.
Cancellation of Common Stock – On November 2, 2020, UMAX announced the cancellation of 500,000,000 shares of its Common Stock thus lowering the amount of common stock issued and outstanding to less than 65,000,000 shares of Common Stock. This planned cancellation has been delayed due to the market value of the certificates being cancelled when attempting to get the required gold medallion signature guarantees through an appropriate banking institution. We are currently in discussions with our stock transfer agent in finding an appropriate resolution to allow this cancellation to get completed. UMAX anticipates this issue will be resolved in the next two to three weeks.
LAS VEGAS, Jan. 19, 2021 /PRNewswire/ -- UMAX Group Corp. (the "Company" or "UMAX" - Pink Sheets Alternative Reporting Pink: UMAX) – UMAX and its wholly-owned subsidiary, Home Foam Corporation, would like to provide a follow up on the current status of corporate governance announcements released over the past couple months.
Mr. Fletcher (President and CEO of the Company), states…"UMAX is committed to providing the public material business updates on a regular basis. These announcements will also provide updates on previously announced events that have not been fully completed. While we do have some material events to announce in the coming weeks and months related to revenue events for Home Foam along with potential acquisitions for UMAX, we felt this week we would provide this general update on items still outstanding. We feel that providing the public with regular information updates is the key to becoming a fully transparent issuer for our public shareholders."
Below is list of the still outstanding items we have announced which have not been completed along with the time frames for completion.
Cancellation of Common Stock – On November 2, 2020, UMAX announced the cancellation of 500,000,000 shares of its Common Stock thus lowering the amount of common stock issued and outstanding to less than 65,000,000 shares of Common Stock. This planned cancellation has been delayed due to the market value of the certificates being cancelled when attempting to get the required gold medallion signature guarantees through an appropriate banking institution. We are currently in discussions with our stock transfer agent in finding an appropriate resolution to allow this cancellation to get completed. UMAX anticipates this issue will be resolved in the next two to three weeks.
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