LZG INTERNATIONAL, INC. : Completion of the acquisition or disposal of assets, unregistered sale of equity securities, change of directors or senior managers, change of Shell company status (form 8-K)
Item 2.01 Completion of Acquisition or Disposal of Assets
As previously stated, the
2 Business Operations
FatBrain’s IT assets include software that uses artificial intelligence (âAIâ) to help businesses automate business decision cycles to learn, explain, and intervene for better results in all business interactions. The software continually learns from historical transactions, existing models and internal expert teams to provide a unified framework linking structured and unstructured data in text, digital, network / graph and video formats. The technology leverages modern advances in machine learning and the cloud economy to enable sustainable operational benefits of: (i) simplicity with smaller, denser models using integrated vectors, (ii) verifiability with explainable and reliable quantification and throughput using blockchain, (iii) quality work with noise, sparse, imbalances or missing date using generative autoencoders, and (iv) technology using transfer and active learning. We launched the technology commercialization and spoke to several potential clients.
FatBrain’s AI and Machine Learning (ML) software differentiates itself in three key areas of automation:
1. Data integration enabling formation and operation of a single unified asset
to each enterprise featuring learned business drivers and exploitable signals, binding siloed text, spreadsheets, PDF's, databases, emails, alternative econometric, health and regional data into a unified metric space of entities, events, relationships, consequences and decisions.
2. Consolidation of models through dozens of uncoordinated models, stimulating the incumbent operator
system performance with improved effectiveness and efficiency, featuring continuous unit level scoring to distinguish good, bad or worse outcomes with back testing, featuring receiver operating characteristics ("ROC") and area under the curve ("AUC") performance benchmarking (collectively "ROC-AUC curve") for dynamic improvement outpacing static thresholds or legacy rules.
3. Guided decision making with “FatBrain Optimal” results put into play for
attain personalized "WAZE-like" awareness tuned to peer-attained goals, powered by recommendations with quantified, anticipated trade-offs and automated active and transfer learning, including human expertise in the loop.
FatBrain technology includes services to configure, test and deploy FatBrain solutions on client servers, with the flexibility to work in the cloud, on client premises or in hybrid mode. It enables data integration with client systems to establish logical, reliable and programmatic connectivity and provides secure access protocols between FatBrain technology and client systems. The Company provides training and support to customer staff starting with a two week training session for customer staff as well as product support by phone, web and on-site.
The FatBrain product âAngelinaâ, a foreign exchange service (âFXâ), as part of its Corporate Welfare Services (âBWSâ) to combat discriminatory pricing in the
Main products and services
FatBrain technology delivers software solutions packaged in modern AI architecture. Solutions include FatBrain AI, Core PaaS (Platform as a Service), and public cloud (e.g. AWS, Azure, IBM,
3 Major Suppliers
The Company will use basic public cloud infrastructure and microservices (“IaaS”) platforms with no hardware dependency on a cloud provider, such as AWS, Azure, Google Cloud, IBM Cloud or other cloud providers, as well as a variety of open source software. (“OSS”).
Marketing . . .
Item 3.02 Unrecorded Sales of
Each subscriber has agreed that the Company will acquire additional assets of
Subject to the conditions of the subscription contract, the
entity, has agreed to purchase four million four hundred thousand (4,400,000) of
ordinary shares at around
per share (
In each of these isolated issues of our securities, we believe that each buyer (i) knew that the securities had not been registered under federal securities laws, (ii) acquired the securities for their own benefit. own account for investment purposes and not for or for resale in connection with a distribution for purposes of federal securities laws, (iii) understood that the securities should be held indefinitely unless that they were not registered or that a registration exemption applied to a proposed provision and (iv) knew that the certificate representing the securities would bear a legend restricting their transfer. We believe that in light of the foregoing, the sale of our securities to the respective purchasers did not constitute the sale of an unregistered security in violation of federal securities laws and regulations due to the exemptions provided in Sections 3 (b) and 4 (2) of the Securities Act, and the rules and regulations promulgated thereunder.
Item 5.02 Departure of directors or certain officers; Election of directors; Appointment of certain officers; Compensatory provisions of certain agents
Section 5.06 Change of Shell Company Status
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