Item 8.01 Other Events.
On
We plan to use proceeds from the funding facility to enhance our balance sheet through the acquisition of a film library, to enable the Company to participate as a partner with other film producers, and to complete our own film projects. We may also use funds to repay current debt and for general corporate purposes.
Annexed hereto as Exhibit 99.1 is a copy of the press release dated
Cautionary Note About Forward-looking Statements
Statements contained in this current report which are not historical facts, may be considered "forward-looking statements," which term is defined by the Private Securities Litigation Reform Act of 1995. Any "safe harbor under this Act does not apply to a "penny stock" issuer, which definition would include the company. Forward-looking statements are based on current expectations and the current economic environment. We caution readers that such forward-looking statements are not guarantees of future performance. Unknown risks and uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description 99.1 Press Release datedFebruary 18, 2020
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