SportsQuest, Inc (OTC: SPQS) Successful in Administrative Hold On Over 1,2 Billion Common Shares Previously IssuedJul 29th, 2022 13:14 EST
SportsQuest (OTC:SPQS)www.sports-quest.coThe Company conducted thorough investigation, and able to put the puzzle together regarding certain issued 1,2 Billion shares issued to a number of shareholders. Simply put the ex-management issued these shares over the years without the Company receiving any consideration assets or services it was promised in return.
The Company was successful in placing an administrative hold on these shares with new transfer agent Empire Stock transfer until a law suit is launched to recover these shares and return them to treasury. The Company has retained a New York based barrister Martin Shell ESQ to represent SPQS interests. The Complaint will be filed shortly, most probably in a Federal Court in New York where most of these aforementioned shareholders make their home.
Interim CEOIrina Veselinovicstated: Until we get the situation resolved and all the books and legacy of issuance in order no additional shares of this 1,2 Billion share block will be able to enter the market. We continue to build a beverage and packing business and we have adopted a full transparency model which many of our shareholders have acknowledged. The Company acknowledges the hard work and efforts ofMs.Kathryn Gavinour consultant and advisor in assisting us in landing many contacts and recently signed LOI. These will be all separately announced once they turn into bona fide purchase orders in the next couple of Quarters. We are well under way in assembling our 1stline for production by start of September 2022. Moreover, we have aspirations of acquiring a second line via an auction purchase in August 2022. If successful, that 2ndline should start production by October 2022 by all accounts. We continue our efforts with Pink Australia energy and acquisition, merger and take over discussions with all previously announced targeted candidates, including the return to OTC current rank status. To say that we are excited about our future prospects with the Company would be an understatement.
More updates and filings will follow on a timely basis and on especially on this share claw back progress and process.
The company operates a beverage business from its 10,000 sq foot Phoenix AZ location.www.clearvoda.comas its core business model. The company is also engaged in certain R&D of solar-powered or green energy type energy product lines; including other “unicorn” type of products and in non-aligned industry, spaces encompassing new or emerging technologies with hyper-growth type opportunities.
SPQS Management Contact info:
Phone: +1 561 631 9221
Information in this news release may contain statements about future expectations, plans, prospects or performance of SPQS that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases “can be”, “expects”, “may affect”, “believed”, “estimate”, “project”, and similar words and phrases are intended to identify such forward-looking statements. SPQS cautions you that any forward-looking information provided by or on behalf of SPQS are not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind SPQS actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond SPQS control. In addition to those discussed in SPQS press releases, public filings, and statements by SPQS management, including, but not limited to, SPQS’ estimate of the sufficiency of its existing capital resources, SPQS ability to raise additional capital to fund future operations, SPQS ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match SPQS capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. SPQS does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events
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