UBI Blockchain Internet, LTD (OTCBB:UBIA) Files An 8-K Change in Shell Company StatusItem 5.06 – Change in Shell Company Status
UBI Blockchain Internet, LTD (“the Company”) ceased to be shell company on March 17, 2017, as a result of new management, a recent change in corporate ownership, and the Company pursing new business opportunities. The Company now has three directors, two corporate officers and nine employees. Further, the Company, through its new management now has better access to the capital markets to raise funding for the Company. The Company is engaged in the developing business technologies of applying blockchain and internet of things. Based on this business activity, management has determined that we are not a shell corporation as that term is defined in Rule 405 of the Securities Act and Rule 12b-2 of the Exchange Act.
About UBI Blockchain Internet, LTD (OTCBB:UBIA)
UBI Blockchain Internet, LTD., formerly JA Energy, is a shell company. The Company is engaged in developing a suite of products with a view of finding global energy solutions. The Company was in the business of designing modular, self-contained, fully automated, climate controlled units for distributed production of energy. The Company manufactures micro-production solutions that may be implemented in a range of contexts, from ethanol micro-production facilities to urban greenhouse gardens to third-world farming communities. The Company has not generated any revenues. UBI Blockchain Internet, LTD (OTCBB:UBIA) Recent Trading Information
UBI Blockchain Internet, LTD (OTCBB:UBIA) closed its last trading session up +0.19 at 4.71 with 2,271 shares trading hands.