OTCPK:SCLF - Post by User
Post by
robinsr5on May 07, 2018 2:15pm
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Post# 27992736
ASSET PURCHASE
ASSET PURCHASE STATUS OF COMPANY NAME CHANGE
On Thursday the 12th of April 2018 Lawrence asked "Can you give me an update as to where we are at with the name change to GREENLINK
Answer: Thank you Lawrence for your inquiry related to the Company submission to FINRA (US Financial Industry Regulatory Authority) for a change of the Company's name from E-Debit Global Corporation to GREENLINK International Inc. We originally made inquiries with FINRA to initiate the name change on the January 26, 2018 after we entered into definitive purchase agreements with AGH WA, LLC (operating as Affordable Green Holdings). Acting on FINRA advice to submit a request for a new CUSIP number we obtained CUSIP #39537G 104 on February 14, 2018 while in parallel we submitted responses to FINRA comments (questions) associated to their initial review which on April 9, 2018 we received notification our request had moved into a secondary review stage which we remain.
At our AGM (Annual General Meeting) in Tacoma, Washington on March 29, 2018 the Shareholders ratified and approved a change of name of the Company. You can access the results of the Annual General Meeting by clicking on the link below "Results of Shareholder Meeting"
As the review process moves forward we will update upon receipt of further advice.
May 2, 2018
TACOMA, Washington (May 2, 2018) - E-Debit Global Corporation (OTC:MKTS - "WSHE.MKTS") (the "Company") is pleased to announce the conclusion and closing of a definitive Asset Purchase Agreement with AGH WA, LLC operating as "Affordable Green Holdings" and/or "AGH". This agreement concludes and facilitates the purchase by the Company of the current assets held by AGH, including Real Property assets and Options to Purchase Real Property, Service and Leasing contracts, Brand Names and Trademarks, intellectual property and know-how for total proceeds of $3,400,000 USD of which $2,800,000 was paid on closing by issuing 250,000,000 common shares of the Company representing consideration of $0.0112 per share based on the 30 day average closing price of WSHE: OTC:MKTS on April 1, 2018. The remaining consideration of $600,000 USD was paid in cash on or before closing of the Asset Purchase Agreement.
This first acquisition represents the Prime Focus and Financial Foundation of the Company in its ongoing reorganization since March 2017. The Company has concentrated its pursuits of agreements and acquisitions that combine the benefits and security of real equity opportunities to mitigate investment risk and increase the real returns in high value hard asset procurement and/or exclusive IP agreements that give continued securitization and ownership positions held after payout terms.
To review the WSHE.AGH Asset Purchase Agreement - Click link below
E-DEBIT ANNOUNCES THE CONCLUSION AND CLOSING OF A DEFINITIVE ASSET PURCHASE