On June 27, 2017, WealthColony Management Group, LLC announced that it has consented to the entry of a temporary restraining order enjoining it and the other defendants from obtaining, exercising or enforcing the written consents or voting power of other shareholders, while reserving all rights. WealthColony stated that it intends to vehemently oppose the entry of a preliminary injunction at a hearing scheduled for July 10, 2017. In addition, WealthColony stated that holders of 31,286,120 shares of common stock have delivered to WealthColony written consents approving the removal of each of Jamieson Karson and Ronald Crane as directors of the Company and the appointment of Jeffrey Freedman and Randy Beller as directors of the Company.