Vestand Inc. (VSTD) 8-K Summary

Critical Announcement: Vestand Inc. must not rely on its previously issued financial statements spanning from Q3 2021 through Q2 2025.

• Issue: Board investigation uncovered significant Inaccuracies stemming from past executive management actions.
• Key Areas of Concern:
  • Fictitious/improper liabilities (\(\approx\) $700,000).
  • Unauthorized securities issuance.
  • Improper bonus payments and intercompany loans.
• Internal Controls: Company confirms material weaknesses in internal controls over financ