This is to confirm that your current balance of 213,785,594.147735 SOAR Tokens has been temporarily suspended/frozen due to non-compliance and delivery set out in the initial agreement.
Furthermore selling of SOAR tokens at manageable levels has not been executed and have been issued out to reduce the liability of COMPANY X (debts, backdated salary to directors).
In the interest of market protection of SOAR, any and all SOAR token holders and overall integrity of SOAR, this constitutes reckless and negligent actions from COMPANY X and constitutes breach of agreement.
Soar Labs Pte Ltd gives COMPANY X 21 working days to comply to the necessary terms laid out in the term Sheet, forming part of the contract.
As the major shareholder of COMPANY X, Soar Labs Pte Ltd would like a report on every transaction made and the justification behind the transactions.
Failure to do so may constitute permanent suspension/freeze of all SOAR token to COMPANY X and may result in cancellation of SOAR token issued to COMPANY X.
Liability and damages due to COMPANY X’s action, non-deliverance and compliance, may further result in monetary claims and actions against COMPANY X.
*Name has been changed temporarily to maintain confidentiality.
BPG Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held
