RE:Gentlemen, "Toronto, Ontario--(Newsfile Corp. - April 5, 2019) - IntellaEquity Inc. (CSE: IEQ) (the "Corporation") would like to provide an update with respect to the distribution of an aggregate of 25,629,564 common shares (the "Sensor Shares") in the capital of Sensor Technologies Corp. ("Sensor") to the shareholders of the Corporation, as previously announced in its press releases of December 12, 2018 and January 29, 2019.
The Corporation has provided the transfer agent of Sensor with the stock certificate and the necessary documentation to effect the transfer of the Sensor Shares from the Corporation to its shareholders on Feb 22, 2019. However, due to the fact that the Corporation is incorporated pursuant to the laws of the state of Delaware, it is required to obtain the approval of the Financial Industry Regulatory Authority ("FINRA") of the United States. The Corporation has made the necessary filings with FINRA in order to obtain its approval. The Corporation will provide updates as they become available."
Maybe a little oversight by somebody on this situation??