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Altavoz Entertainment, Inc.
Subsequent Events - Material Disclosure
Business
Jul 12 2022
4 min read

Subsequent Events - Material Disclosure


Altavoz Entertainment Inc
(AVOZ)

07/12/2022

Subsequent Events - Material Disclosures

Legal Judgements

06/17/2022

A judgement was made in favour of Venture Investment Group II, LLC vs. Nurish.Me Inc. (Case No. 2020-010773-CA-01) with the 11th Judicial Circuit, Miami-Dade County, Florida for the principal sum of $7,889,660.70, which shall accrue interest at the statutory rate, for which sum let execution issue.


CEO/ Director Resignation

06/22/2022

Caesar Kavadoy formally resigned from both his Director role and CEO of the company.  

Chief Formulation Officer/ Director Resignation

06/22/2022

Michal Heger formally resigned as both a Director of the company and as Chief Formulation Officer stating the breach of the employment contract as one of a number of factors contributing to his decision.

Board Member Resignation

06/23/2022

Daniel Dietz formally resigned from his position as Director 


Strategic Alliance and Joint Venture Agreement Termination

06/25/2022

The Strategic Alliance and Joint Venture Agreement between Nurish.Me and Morris Formulations, LLC signed on September 15, 2021 for the sale of Cogni Nurish has been terminated by Morris Formulations, LLC. CogniNurish has since been removed from sale on our website and through any other channels.


Closure of Production Facility

06/13/2022

Our products, production facility has closed whilst it relocates operations to Texas, they expect it will reopen in October 2022 at the earliest and this may extend beyond October and possibly into 2023


Garnishment of Shopify Payments/ Stripe account by Venture Investments judgment 

05/12/2022

Notice of Levy $12,856.61 balance

Under Writ of Execution (Money Judgement)


Default on Shopify Capital Loan

05/20/2022

As a result of the Garnishment Order above the Shopify Capital loan was automatically placed in default following Stripe receiving the Writ of Execution documents. 


In light of these events, a date for an AGM / shareholder meeting will be formally announced by the board by the close of business on the 17th of July 2022