EXHIBIT 99.1
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
________________________
FORM 8-K
________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest event Reported): July 22, 2021
FLITWAYS TECHNOLOGY, INC.
(Exact name of registrant as specified in its charter)
| Nevada | 000-55316 | 47-2489112 |
| (State of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
7070 E Farrell Rd, SE, Suite: 1019
Calgary, AB T2H 0T2, Canada
(Address of principal executive offices)
Phone: (954) 837-6833
(Registrant’s telephone number)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act: None
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| N/A | N/A | N/A |
Securities registered pursuant to Section 12(g) of the Act: Common Stock, par value $0.001 per share
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 1.03 Bankruptcy or Receivership.
The bankruptcy trustee debt schedule forms part of this Current Report on Form 8-K filing with all debts and summary. The trustee debt schedule is filed herewith as Exhibit 99.1. The Company disputes some of these claims made by the creditors as malicious and or frivolous. The Company has secured a $60,000 loan to maintain operations and continue as a going concern.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Miro Zecevic resigned as Chairman and interim CEO and any affiliation with Flitways Technology, Inc. (the “Company”) effective July 22 2021 and Phillip Kovac has been appointed as the new Chief Executive officer of the company effective July 22, 2021.
Item 8.01 Other Events.
Miro Zecevic will focus on litigation as shareholder advocate on behalf of the common shareholders effected by the toxic financiers. Outgoing management is of the opinion that these toxic loans are VOID specifically under certain laws https://www.law.cornell.edu/uscode/text/15/78cc . Outgoing Management is of the opinion that not registering is violation of the ACT, and any violation of the registration requirement VOIDS those transactions pursuant to statute.
Notwithstanding the ex-trustee refused commence an adversary proceeding 1) to declare all of those transactions void pursuant to the Act, and 2) a claim to claw back all money and stock, or he stocks value, under §547, §548 and §544 as fraudulent conveyances under the Bankruptcy Code.
The ex-management intends to do this through a new barrister and an invitation for a class action suit will be made available to all common shareholders.
In a private off the market transaction, Kovac et.al. acquired Mina Mar Group preferred shares. All other classes of preferred and common shares of the issuer remain undisturbed. Interstate Capital continues to be a pivotal point in the company’s future growth plans.
Philip Kovac has extensive knowledge in mergers and public companies operations. He is successful in formulating rules for strategic alliances and business partnerships and building these rules into comprehensive partnership, shareholder or joint venture agreements mediating disputes, searching for common ground and offering resolutions when relationships stumble developing viable, mutually-acceptable exit strategies at any stage of the relationship.
The Company’s new business address is: 7070 E Farrell Rd, SE, Suite: 1019, Calgary, AB T2H 0T2, Canada. In order to preserve costs the Company plans to redomicile to the State of Wyoming. The company web site is flitways-ftws.com Twitter Acc @FTWSFlitways The Company operates without a transfer agent due to the fact that the Company current transfer agent Island Stock transfer ran afoul with USA Regulators. The company is in the process of having Signature Stock Transfer reconstruct its records to resume the company transfer agent services.
The Company also intends to file its periodic reports on its web site and via EDGAR as a voluntary filer in its Current Report on Form 8-K under the small issuer exemption provided by the SEC.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit 99.1 Voluntary Petition for Non-Individuals Filing for Bankruptcy
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| FLITWAYS TECHNOLOGY, INC. | ||
| By: | /s/Miro Zecevic | |
| Miro Zecevic | ||
| Chief Executive Officer | ||
Date: July 30, 2021
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EXHIBIT 99.1
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