Released by ILOCX for National Academy of Athletics:
As I am sure you are aware, the year 2020 was an incredibly challenging time for so many, especially for small businesses. The good news is that our team has been able to be very creative in producing some new programs to help serve the youth in the communities we serve as well as create additional revenue streams.
While many were not financially rewarding in the short term, the investment of time and resources has created some incredible growth opportunity in 2021. We are still in the midst of the Coronavirus-19 challenges however we believe that the second half of this year will see significant growth.
With the financial challenges that the world has been facing, the following adjustment will allow the company to invite more investors, help reach our financial goals, true growth potential, create a more sustainable and financially rewarding opportunity to our ILO holders and partners.
In order to grow the company, keep the momentum we have created during these unprecedented times, we are electing to split the ILO divided in fourths. This means: effective 1.1.2021 The National Academy of Athletics ILO will recognize a 4-to-1 split. Every ILO holder will have four times the amount of ILO’s, but those ILO’s will only be worth $50 each now a reduction from the original value of $200.
Our projections have been adjusted to the following: