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SUBSEQUENT EVENTS
9 Months Ended
Apr. 30, 2021
SUBSEQUENT EVENTS  
NOTE 4 - SUBSEQUENT EVENTS

NOTE 4 – SUBSEQUENT EVENTS

 

Effective May 12, 2021, shareholders of the Company elected T. Benjamin Jennings, Stanley F. Wilson and Christopher N. Barakat to the Company’s board of directors to serve until the next annual meeting and/or such time as their successors are duly elected. On May 14, 2021, the board of directors elected T. Benjamin Jennings as Chairman of the board and appointed him as CEO and president of the Company, and appointed Stanley F. Wilson as secretary and general counsel of the Company.

 

On May 12, 2021, the Company fully repaid the note payable and related interest that owed to Kratos Healthcare Inc. in a total of $135,593, consisting of $120,051 in principal and $15,542 for accrued interest. In addition, Kratos Healthcare Inc. provided consulting service to the Company in May 2021 for the transaction regarding the Change in Control of Registrant mentioned in Note 1 and paid the consulting fee in full of $51,613 to Kratos Healthcare Inc. on May 12, 2021.