5 unchanged sentences
Based on this evaluation, our Chief Executive Officer and Chief Financial
−Removed: Officer, as of March 31, 2016, concluded that our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e)
+Added: Officer, as of June 30, 2016, concluded that our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e)
under the Exchange Act) are effective to ensure that information required to be disclosed by us in reports that we file or submit
32 unchanged sentences
Material Weakness
−Removed: of March 31, 2016, we have identified the need to hire additional personnel at MEGAsys that are knowledgeable in SEC accounting
−Removed: and reporting.
−Removed: Increased staffing at the subsidiary level will provide daily oversight of MEGAsys’s operations and minimize
−Removed: the likelihood of any material error in reporting the subsidiary’s results.
−Removed: Action plans are in place to address this staffing
−Removed: need during 2016 as resources permit.
+Added: of June 30, 2016, we need to hire additional employees at MEGAsys that are knowledgeable in SEC accounting and reporting.
+Added: staffing at the subsidiary level will provide daily oversight of MEGAsys’s operations and minimize the likelihood of any
+Added: material error in reporting the subsidiary’s results.
+Added: Action plans are in place to address this staffing need during 2016
+Added: as resources permit.
Management’s
3 unchanged sentences
and performs review and analysis as requested.
−Removed: of March 31, 2016, we had two employees knowledgeable in SEC accounting and reporting.
+Added: of June 30, 2016, we had two employees knowledgeable in SEC accounting and reporting.
Our management has put in place policies
7 unchanged sentences
we are not aware of any legal proceedings to which we are a party that we believe could have a material adverse effect on us.
−Removed: SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.
−Removed: During the reporting
−Removed: period, the Company issued 5,000 shares to a shareholder for origination points for $100,000 short term loan.
−Removed: UPON SENIOR SECURITIES.
−Removed: SAFETY DISCLOSURES.
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.