- Frequency Holdings (OTC: YCRM) clarifies no financial or legal impact from recent procedural court judgment.
- Claims against Luciano Aguayo, valued over $9 million, remain enforceable and may be reasserted.
- Business operations strengthen with reacquired assets now under a new subsidiary.
Frequency Holdings Inc. (OTC: YCRM), has issued a clarification regarding a recent legal judgment, emphasizing that it has no financial or legal impact on the company. According to YCRM, the judgment was purely procedural and occurred because ReachOut Technology Corp., a former subsidiary, lacked legal representation following its sale.
Despite the dismissal of claims against Luciano Aguayo, previously estimated at over $9 million during mediation, they remain enforceable and can be reasserted at any time by the current rights holder. This development allows the new owner of ReachOut Technology Corp. the opportunity to pursue these claims.
YCRM has successfully reacquired customer contracts, intellectual property, and operational assets of the original ReachOut Technology Co. as of April 2025. These assets now operate under a new subsidiary, maintaining strong client relationships and affirming the company's commercial strength.
Rick Jordan, CEO of Frequency Holdings, addressed the situation by stating that misinformation will not distract the company from its successful operations. He reiterated the company's position, asserting their business is stronger than ever and that all legal rights and remedies remain available.
