ITEM 8.01—OTHER EVENTS
On June 25, 2020, Registrant signed with Wilson Global Opportunities Fund (“Wilson”), a Mauritius based Financial Services Commission regulated Multi-Class Fund registered with the Indian Regulator, The Securities Exchange Board of India (“SEBI”) as Category 1 Foreign Portfolio Investor (“FPI”). The arrangement would facilitate Interups to undertake investments into various opportunities in India with the help of qualifying and/or accredited global investors, subject to adherence to the regulatory compliance.
As of June 26, 2020, Registrant in principal partnered with TWO open-ended Category 3 Securities Exchange Board of India (“SEBI”) registered Alternative Investment Funds, for placing and investing into certain researched and identified listed or unlisted securities and commodities on the Indian Markets. The understanding is subject to final clearance from both end attorneys. The purpose and need for building relationship with more than one AIF is to overcome certain investment restrictions that the Indian Law stipulates. But the Registrant shall be conducting its business independently with each of these entities without raising investor/investment conflict.
Subject to successful placement, Registrant is contemplating to invest about $5 Billion US Dollars into the Indian Markets over the next 12-18 months in various segments of the Industry including Agriculture, Commodities, Education, Healthcare & Medical Tourism, Hospitality, Infrastructure Development like Roads, Bridges, Tunnels and Air Routes & Airports, REIT & INVIT Assets, Ports and Shipbuilding yards and Warehouses.
THERE IS HOWEVER NO GUARANTEE THAT THE REGISTRANT WILL BE ABLE TO MATERIALISE INVESTMENT INTO VARIOUS OPPORTUNTIES VIA THESE DEVELOPMENTS. THERE IS NO GUARANTEE THAT THE REGISTRANT WILL BE ABLE TO ARRANGE MONIES AND TRANSACTIONS WILL CONSUMATE. FAILURE SHALL MEAN LOSS OF TIME, MONEY, RESOURCES AND OPPORTUNITISTIC LOSS, VALUE, AND INCOME THAT THE REGISTRANT OTHERWISE IS EXPECTING TO GAIN.
NOTE ON FORWARD LOOKING STATEMENTS
This Report on Form 8-K may include both historical and forward-looking statements, which include information relating to future events, future financial performance, strategies, expectations, competitive environment and regulations. Words such as “may,” “shall”, “should,” “could,” “would,” “predicts,” “potential,” “continue,” “expects,” “anticipates,” “future,” “intends,” “intending”, “contemplating”, “plans,” “believes,” “estimates,” “hopefully” and similar expressions, as well as statements in future tense, present and past continuing, identify forward-looking statements. Such statements are intended to operate as “forward-looking statements” of the kind permitted by the Private Securities Litigation Reform Act of 1995, incorporated in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). That legislation protects such predictive statements by creating a “safe harbor” from liability in the event that a particular prediction does not turn out as anticipated. Forward-looking statements should not be read as a guarantee of future performance or results and will probably not be accurate indications of when such performance or results will be achieved. Forward-looking statements are based on information we have when those statements are made, or on our management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements.
The inclusion of the forward-looking statements should not be regarded as a representation by us, or any other person, that such forward-looking statements will be achieved. You should be aware that any forward- looking statement made by us in this Report on Form 8-K, or elsewhere, speaks only as of the date on which we make it. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on the forward-looking statements contained in this Report on Form 8-K.