16 unchanged sentences
ultimately prove to be beneficial to us and our shareholders.
−Removed: We will select any potential business opportunity based on our management's
+Added: We will select any potential business opportunity based on our management’s
best business judgment.
47 unchanged sentences
auditors of the Funds.
−Removed: was a victim of predatory lending by Corey Ribotsky and his affiliated entities listed above;
−Removed: all above lending
−Removed: entities ceased to exist over a decade ago;
−Removed: collection efforts mandated by U.S.
+Added: the Company was a victim of predatory lending by Corey Ribotsky and his affiliated entities listed above;
+Added: all above lending entities ceased to exist over a decade ago;
+Added: all judicial collection efforts mandated by U.S.
and Cayman Islands Courts were exhausted approximately a decade ago;
−Removed: other obligations were barred from any collection efforts since the time frame allowed by the applicable statutes of limitations for a
−Removed: legal action in all relevant jurisdictions expired at various times between 2011 and April 2017.
+Added: any and all other obligations were barred from any collection efforts since the time frame allowed by the applicable statutes of limitations for a legal action in all relevant jurisdictions expired at various times between 2011 and April 2017.
the guidance in ASC 405-20-40-1, the Company obtained an Order for Default Judgment in its favor and against all creditors named above.
16 unchanged sentences
$26 million became severely limited.
+Added: Quasi-Reorganization
+Added: 2025, the Company implemented a quasi-reorganization to eliminate its accumulated deficits and reflect fresh-start accounting, in accordance
+Added: with ASC 852-20.
+Added: Directors and a majority of the shareholders approved the readjustment.
+Added: The conditions
+Added: that gave rise to nearly all of the Company’s accumulated deficits have not existed for more than fifteen years.
+Added: in the accompanying statement of shareholders’
+Added: equity, the quasi reorganization was implemented with the following steps:
+Added: a) The issuance of common shares to the Company’s former legal consultant and to its sole officer,
+Added: in satisfaction of amounts owed to them;
+Added: b) The revaluation of balance sheet liabilities;
+Added: c) The issuance of common shares to the Company’s officer for cash at the same value evidenced by the
+Added: issuance is a) above;
+Added: d) The above steps resulted in a positive shareholders’
+Added: equity after the elimination of the entire
+Added: balance of historical deficits.
General Business Plan
136 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.