number of directors in order to move ahead with solving its problems which include indebtedness and inability to submit the company’s financial statements and appoint the auditor. IFEC’s future business
one of SEC’s missions to help SMEs and Startups to easily access funding sources in capital market. Specifically, the SMEs’ and Startups’ fundraisings need to be economical, suit the business needs
corporate sustainability, management of resources that is economical, worthwhile, and maximizes benefits by considering the needs of the stakeholders while also establishing balance in the economy, society
registration statement; e. prohibition on issuing other types of securities under certain circumstances to prevent the issuer from taking unreasonably burdensome indebtedness or obligations; f. covenant
conditions stated therein. The proposed sell-down of the Units is strictly a f inancing exercise to fund, amongst other things, working capital needs and to pay the Company’s indebtedness and liabilit ies
to pay the Company’s indebtedness and liabilities. The Company previously held 1,833,150,000 Units. Following the sale of the Units, the Company st ill holds a remaining 1,293,150,000 investment units
Indebtedness Provide information about capitalization and indebtedness. Disclose any subsequent significant changes in the capitalization and indebtedness and a statement of capitalization and indebtedness that
account after deducting an indebtedness incurred from purchasing or selling securities therein; “purchasing value” means the amount of money incurred from each transaction of securities purchasing in a
poverty, consumerism, and ignorance. Poverty has long been one of the most important issues policy makers strive to overcome. When there is insufficient wealth to nourish basic needs, indebtedness could