I'm James

Saved companies $200M+; Grew multiple LOBs from 0 - 7 figures; Providing my thoughts on web3/web2, growth and more. Co-Founder of @househaeds.

[I'm James @JMCACrypto]

Hi Everyone,

Today we filed a verified petition with the Delaware Court of Chancery in the United States.

A verified petition is a document filed with the court to start the legal process of dissolving Aeterna Labs (the parent company of HouseHaeds), which includes information related to the financial operations that led up to the Company’s undercapitalization.

As part of the process, we had to certify under oath and penalty of perjury per the Laws of the United States of America, that all statements made in the verified petition are true and that each fact has supporting documentation.

A copy of the verified petition has been posted in the update channel in Discord.

Additional details regarding the current state of company can be found in the HouseHaeds FAQ (posted on October 6th in the Discord update channel).

[I'm James @JMCACrypto]

Hi everyone,

It’s been a while and I wanted to give you an update on HouseHaeds. I regret to inform you that, after an audit of the company’s financial data, it was determined that our CFO and co-founder misappropriated investment funds, and made misrepresentations to third-parties about the company’s financial position. These actions resulted in the undercapitalization of the company.

To cover this shortfall, the CFO began paying contractors out of collateralized funds that had been set aside to pay existing contractors for their work.

After completing the audit, we sought to conduct corrective action and ensure that future misrepresentations to third parties would not occur.

The CFO was given the option to resign from the CFO position, while an interim CFO handled daily operations. The CFO declined the option to resign.

Legally the company cannot operate with active misrepresentations being made, and unfortunately at this time the company (Aeterna Labs Inc. ) is forced to dissolve.

I want you to know that I have not given up, I value this community greatly and believe in the future of HouseHaeds. I am currently working to find a solution that allows me to move forward with rebuilding the company.

I have provided additional information on our Discord server on the update channel.

James | CEO

[I'm James @JMCACrypto]

@junevault Morning June!

[I'm James @JMCACrypto]

GM everyone

[I'm James @JMCACrypto]

@Aynsler Love the combo

[I'm James @JMCACrypto]

@nmrowe88 Thanks Nick!

[I'm James @JMCACrypto]

@Benhur2202 Gm Ben!

[I'm James @JMCACrypto]

@Hijack9088 Morning Jack

[I'm James @JMCACrypto]

@bonglo_eth @friendtech No, my bag is lost....

[I'm James @JMCACrypto]

@iamchillpill Bet you can double it

[I'm James @JMCACrypto]

@HouseHaeds @NftMacca

[I'm James @JMCACrypto]

@LobstaClawz @dubzyxbt

[I'm James @JMCACrypto]

@junevault @MikaPikaZo @MikaPikazo_info Amazing

[I'm James @JMCACrypto]

@NftMacca @HouseHaeds Gm!

[I'm James @JMCACrypto]

@heycape_ Good thread, Add to it a potential fed reversal in Q4 in the US on interest rates could also have an effect back into speculation.

[I'm James @JMCACrypto]

@Tripp_fuX @Abbas88sol @HouseHaeds 🤝

[I'm James @JMCACrypto]

@LambolandNFT This final point is so important. Money cannot continually come from within the ecosystem otherwise you are just draining from existing holders

[I'm James @JMCACrypto]

@trav_sol @NFT_GOD Congrats Trav! And great community