On June 7, 2017, WealthColony Management Group, LLC announced that on June 5, 2017, Soupman, Inc. advised WealthColony Management that its Board of Directors would not meet with representatives of WealthColony Management to discuss the proposal set forth in of WealthColony Management’s letter dated June 2, 2017 unless a non-disclosure agreement is signed, notwithstanding the fact that WealthColony Management had advised that the purpose of the meeting is to discuss its proposal and that it would not be requesting the disclosure of any confidential information. On June 6, 2017, WealthColony Management announced that it has delivered a letter to Jamieson Karson, Chief Executive Officer of the Company. In the June 6, 2017 letter, WealthColony Management advised Jamieson Karson that management’s refusal to discuss its proposal and other Board actions and matters related to the Board have raised additional concerns.