{"schema_version":"secwatch.filing_event.v1","accession":"0001477932-22-001519","form_type":"8-K","ticker":"GAMG","cik":"0000055234","company_name":"Global Asset Management Group, Inc.","filed_at":"2022-03-21T23:59:59+00:00","discovered_at":"2026-05-14T18:04:09.382547+00:00","generated_at":"2026-06-26T21:31:50.492394+00:00","sec_items":["2.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Kenilworth Systems sells principal assets back to ACL Group, extinguishing $300M note","bullets":["On March 17, 2022, Kenilworth sold its proprietary IP and databases to ACL Group for cancellation of a $300M secured promissory note.","The assets were originally acquired from ACL on Sept 23, 2021 for the same $300M note; cash flow from commercialization was insufficient to service the debt.","The $300M principal plus accrued interest at 5% was satisfied and extinguished upon the sale.","Kenilworth's management determined the assets would not generate enough cash flow to meet debt service obligations, prompting the reversal.","The sale constitutes a disposition of all of Kenilworth's principal assets, leaving the company with no major operating assets."],"urls":{"canonical":"https://secwatch.observer/filing/0001477932-22-001519","json":"https://secwatch.observer/filing/0001477932-22-001519.json","markdown":"https://secwatch.observer/filing/0001477932-22-001519.md","text":"https://secwatch.observer/filing/0001477932-22-001519.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/55234/000147793222001519/0001477932-22-001519-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/55234/000147793222001519/kens_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-26T21:31:50.492394+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}