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Business Brief

This Company Blog post might contain information, which may constitute ‘forward-looking statements’ within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. ‘Forward-looking statements’ are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks, uncertainties and other factors that could cause actual results or events to differ materially from those anticipated.

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In response to the many questions raised, whether the company has the intention at this time, to go through a reverse split, we can categorically confirm, that is not the case.

Once Cielo Mar is well under way and the fundamentals are in place, we do plan to uplist to Nasdaq or similar, and will then have to do a reverse split, in order to reach the price level needed, for the uplisting.

We have seen substantial dilution from conversion that we unfortunately have not been able to avoid, and we are not yet able to give any firm confirmation to the status of the notes. We can though state that the company has 1,250,000,000 authorized shares.

As of today we have now delivered 109 truckloads to Huy Fong.