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SUBSEQUENT EVENTS
12 Months Ended
Aug. 31, 2018
Notes to Financial Statements  
SUBSEQUENT EVENTS

On October 18, 2018, the Company entered into an Agreement For Termination And Release with iCrowdU. The 10,000,000 shares have been returned to and cancelled by the Company by the date of this report. The interests retained by the Company in iCrowdU is limited to the 228,013 shares acquired, equivalent to a 1.14% ownership of iCrowdU. The Company accepted the resignation of Alexander Holtermann, Ian Wright and Luis Hadic. In August, Ying Zhang has resigned as vice president and director. The shares issued to Alexander Holtermann of 20,000,000, Ian Wright of 10,000,000 and Luis Dadic of 200,000 for employment have been returned to and cancelled by the Company.

 

As a result of the situation stated in Note 1, we ceased promotions and marketing on the ATM business and relations cryptocurrencies business in September 2018. On November 21, 2018, we had sent the final notice that JPC Fintech has materially breached the agreement. We requested that JPC Fintech Ltd. return its stock certificate received in the transaction to our transfer agent for immediate cancellation. We have not yet received the certificate for termination.

 

In accordance with ASC 855-10, the Company has analyzed its operations subsequent to August 31, 2018 to the date these financial statements were issued and has determined that it does not have any additional material subsequent events to disclose in these financial statements.