Atomic Guppy, Inc. (ATGU.OB) announced that the company has officially sold all intellectual property to Leigh Rothschild, Adam Bauman and Neal Lenarsky. In return, each individual was issued 142,000,000 shares of Atomic Guppy, Inc. common stock, stock that was previously held by former shareholders.
Atomic Guppy acquired 100% of YABBLY Holding’s Intellectual Property on March 6, 2007, but was unable to obtain sufficient funding to develop these assets.
In addition, Atomic has also entered into a rescission agreement with YABBLY Holdings, LLC, YABBLY, LLC and Land Shark Holdings, LLC. According to this recession agreement, all parties returned 150,000 shares of Atomic Guppy common stock in return for their intellectual property assets.
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