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3D Entertainment Holdings Incorporated announces new Chairman/Board of Directors, the retirement of 1 billion company shares and an internal investigation of past company convertible debentures
3D Entertainment Holdings Incorporated announces new Chairman/Board of Directors, the retirement of 1 billion company shares and an internal investigation of past company convertible debentures.
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[{"type":"text","content":"3D\n Entertainment Holdings Incorporated announces new Chairman/Board of \nDirectors, the retirement of 1 billion company shares and an internal \ninvestigation of past company convertible debenturesSep 14, 20153d Entertainment Holdings Inc. puts forth new slate of directors and transfers super k class vote to the companyCHEYENNE,\n WY, and CARSON CITY, NV / September 4, 2015 / 3D Entertainment \nHoldings, Inc., a Wyoming Corporation, dba 3D Eye Solutions Inc. \n(OTCPINKSHEETS: TDEY) announces\n the resignation of Scott Weinert as chairman and CEO, the resignation \nof James S. Tassan as acting CFO and Eddie Vakser as Director. The board\n has received a new slate of directors consisting of three sole board \nmembers: Oak River Technology CEO Kent Linduff, as Chairman TDEY, Ken \nHolderbaum, Director TDEY and Linda Linduff, Secretary Treasurer TDEY. \nAt this time the new board of directors would like to thank Mr. Weinert,\n Mr. Tassan and Mr. Vakser for their services while wishing them much \nsuccess with their future business aspirations.On\n September 4, 2015 the company adopted a corporate resolution \nstipulating the transfer of the 3D Entertainment Holdings, Inc. Super K \nClass, non conversional, 69% super vote to the company. The company now \nholds this voting right under a conditional provision to exercise with \nthe requirement of signatures from the company chairman and one board \nmember.The aforementioned actions have been duly noted with the Wyoming Secretary of State and OTC Markets Group.3d Entertainment Holdings Inc. retires 1 billion company sharesOur\n new Board of Directors has reached an agreement to immediately retire \nthe total 1 billion shares of company stock which was acquired as part \nof the Oak River Technology LLC / 3D Entertainment Holdings Inc. merger \nagreement.3d Entertainment Holdings Inc. launches investigation of past management’s use of debt conversionsOur new Board of Directors has initiated an internal investigation as to the past practices made by previous management.\n Due to the presence of excessive company notes/debt conversions, this \ninvestigation will include a full review of all past convertible \ndebentures to ensure that prior management utilized such excess debt \nburden in the best interest of the company and not for the benefit of \npersonal enrichment. The new company C...