other material
confidence high
sentiment negative
materiality 0.55
Cyber Apps World terminates WarpSpeed asset deal; transfers 115M shares and appoints Limitless CEO
Leopard Energy, Inc.
- On Jan 19, 2022, WarpSpeed Taxi Inc. terminated the Dec 2020 asset purchase agreement with Limitless Projects for the WarpSpeed Taxi app due to inability to pay $40,000.
- Limitless reimbursed WarpSpeed the initial $10,000; Cyber Apps World will transfer its 115,000,000 shares of WarpSpeed to Limitless for $14,100.
- Directors Mohammed Irfan Rafimiya Kazi and Kateryna Malenko resigned from WarpSpeed; Daniel Okelo (Limitless president) appointed as sole director.
- The $250,000 promissory note originally issued by WarpSpeed is rendered null and void.