3D Entertainment Holdings (OTC:TDEY) announces the completion of its internal investigation.
October 05 2015 - 9:22AM
InvestorsHub NewsWire
CHEYENNE, WY, and CARSON CITY, NV / October 2, 2015 / 3D
Entertainment Holdings, Inc., a Wyoming Corporation, dba 3D Eye
Solutions Inc. (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@oakrivertech.com
www.oakrivertech.com