On September 18, 2019, Jake P. Noch announced that he does not intend to support Independent Film Development Corporation’s current board of directors or management, and intends to engage counsel to protect his interests, along with his plans to request that other common shareholders participate in changing or influencing positive control of the Company. Further, Jake P. Noch added that he may seek to: (i) increase or decrease his position in the Company, (ii) enter into transactions that increase or hedge Jake’s economic exposure to the Shares without affecting his beneficial ownership of the Shares, (iii) engage in an extraordinary transaction, and (iv) reconstitute the Company’s present board of directors and officers.