GREY:SMDWF - Post by User
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proulxmon Jun 20, 2016 3:04pm
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Text of update
Text of update https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aVID-2384032&symbol=VID®ion=C
VidWRX CEO Hancock injured, steps down
2016-06-20 14:35 ET - News Release
Mr. George Fleming reports
E STEVE HANCOCK INJURY, VIDWRX STATUS AND SHAREHOLDER CONFERENCE CALL
VidWRX Inc.'s chief executive officer Steve Hancock was injured in a cycling accident on June 8. Mr. Hancock is currently hospitalized with serious injuries, the full extent of which are still being assessed. As a result, the board of directors announces that Mr. Hancock will be stepping down as CEO and director of the company.
The board of directors also announces that due to continuing financial difficulties, the company temporarily suspended operations in May and subsequently engaged an adviser to investigate the company's options. A restructuring and refinancing plan is being developed and will be presented to shareholders via conference call on June 27 at 10 a.m. PST. An overview of the current situation and plan will be available for distribution to interested shareholders prior to the conference call.
Any shareholder wishing to attend the conference call and receive materials is asked to send an e-mail to vidwrxrecovery@gmail.com providing their name and contact information.
We seek Safe Harbor.
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