ITEM 8.01.OTHER EVENTS.
Due to continuing problems with Covid-19, globally and specifically in Spain,
the Company continues to have delays in gathering the required information and
documentation from its subsidiaries in Spain, Canada and the USA and is still
unable to present its annual and quarterly financial reports to its auditors for
audit and review respectively.
While the Company is making best efforts to put together the required
information, recent changes in its operating subsidiary in Spain and the sudden
leaving of its key people who were knowledgeable and responsible for the
outstanding reporting periods, coupled with inadequate support staff and
funding, are causing an unduly high restraint to expedite this process.
Management hopes to bring its filings current by early 2021.
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