It has been a busy week for our team. We are working diligently on the deal with our potential LP partner. Jennifer spent most of the week in a war room at Bennett Jones working to finalize all the documents for the deal. This includes:
Replying to additional due diligence requests
Revising and commenting on the share exchange and strategic alliance agreements
Escrow Agreement and
Other ancillary documents
We have been working to draft all the paperwork regarding offers to new candidates and the related payroll set up process once they accept an offer.
This week was also the first full week for Ira Levy - the first finance member of the team.
Ira has been working to get us organized so that we can meet our reporting requirements in a timely and effective manner. This includes:
Installing a general accounting software package
Initiating discussions with external accounting firms for preparation of a future audit
Investigating the requirements for future public offers, whether they are IPO, RTO and which exchanges would be our best option.
We created our SEC account this week and look forward to receiving approval of our account so that we can start the online reporting process regarding Blue Sky filings.
This week we plan to file the Form 45-106F1 that we completed the schedule for last week.
We also look forward to finishing the schedules for the CBW transaction as well as additional negotiations on the deal documents.
THINGS WE NEED HELP WITH
As our team gets larger, we are interested in investing in a program that helps with tight version control for our Word/Visio documents.