TDEY Management Announces Completion of Internal Audit and Results
CHEYENNE, WY, and CARSON CITY, NV (PRWEB) October 05, 2015 -- 3D Entertainment Holdings, Inc., a Wyoming Corporation, dba 3D Eye Solutions Inc. and its Oak River Technology LLC subsidiary as defined in the definitive merger agreement filed in Wyoming SOS and under the authority of the TDEY Corporate Resolution filed September 3, 2015 (OTCPINKSHEETS: TDEY)
Today the company announces the completion of its internal investigation relating to debt, notes and common shares distributed by previous management. We are pleased to announce the following as a result of this exhaustive investigation and resulting actions.
1. The Company will retire approximately one million dollars in debt held by note holders.
2. The Company will retire approximately one billion eight hundred million common shares securing various notes that have been retired.
3. The Company will immediately submit the necessary documents to retire the H Share with the Wyoming SOS.
4. The Company will create a restricted preferred L Series share. This share will have a redeemed value of 1-100 and be restricted for 90 days from issue. Further these shares have a 10% trickle clause restricting the sale of more than 10% a month or 10% of daily market volume. We have negotiated these Restricted Preferred L Series shares to replace all debt and notes from previous management. We will issue approximately Three Million L Shares to retire the debt and notes.
5. The Company has reached agreements of total and complete discharge, of any and all claims, from all previous officers, directors and note holders. Further The Company has been indemnified and held harmless for any and all undisclosed debt or notes.
6. The company will also file the above with OTC Markets as a Material Event/Shareholder Update in 8k format under Filings and Disclosure section.
"The Company invested the time and resources needed to absolutely and with finality, get control of all debt and notes from previous management. This was a significant effort and the results exceeded my expectations. TDEY can move forward in a much cleaner and defined investor environment."
Kent Linduff, Chairman TDEY
For more information contact: investorrelations(at)oakrivertech(dot)com
http://www.oakrivertech.com
Kent Linduff, 3Dentertainmentholdings, +1 830-438-2827, [email protected]
Share this article