SUBSEQUENT EVENTS

9 Months Ended

Apr. 30, 2021

Subsequent Events [Abstract]

Subsequent Events [Text Block]

NOTE 12 – SUBSEQUENT EVENTS

Effective as of March 8, 2021, Dr. Edward  White was appointed a director of the Company. He resigned on June 17,2021. See the Company’s Form 8-K filed with the SEC on March 5, 2012 and its  Form 8-K filed on June 21, 2021.

On May 1, 2021 the Company issued a convertible note in the principal amount of $161,841 covering Cash Advances (see Note 6) from related parties for the period August 1, 2020 through and including May 1, 2021.

With respect to the A Preferred described in Note 9 on page 13 hereof, the Company determined during due diligence for the KryptoBank share exchange transaction (see the Company’s 8-K filed June 21, 2021) that the former officer/director never made the donation of 120,000 shares to the charity, Safenet in Las Vegas, NV. Management spoke with the Safenet administrator who confirmed that no donation of W Tech shares were ever recorded and no such shares was ever given to them in any form at any time. Although the financial statements above show 120,000 Series A outstanding, there is no evidence whatsoever that those shares were ever issued. Accordingly, the Company’s Board authorized the filing on June 17, 2021 of a Certificate of Withdrawal of the Certificates of Designation for the Company’s A Preferred with the Security of State of the State of Delaware. This filing states that at the time of this filing , the Company determined that no Series A Preferred were outstanding, as aforesaid.