SUBSEQUENT EVENTS

9 Months Ended

Jul. 31, 2019

SUBSEQUENT EVENTS

NOTE 8 - SUBSEQUENT EVENTS

On August 1, 2019 the Company completed the agreement dated July 9, 2019 to sell the Company’s wholly owned subsidiary Skkynet Japan to the former owners. Under terms of the agreements, 22,500 shares of common stock and 272,500 options of the Company held by the former owners will be returned to the Company for 100% ownership of Skkynet Japan. In addition, the intellectual property, software documentation and source code of the Company will be returned to the Company with the balance of the assets and liabilities remaining in Skkynet Japan. As part of the agreement, the name of Skkynet Japan will be changed to exclude Skkynet in its new name. The Company will forgive the indebtedness owed to the Company by its subsidiary Skkynet Japan.