UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported):
August 10, 2020
AMERI METRO, INC.
(Exact Name of Registrant as Specified in its Charter)
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Delaware | 000-54546 | 45-1877342 |
(State of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
2575 Eastern Blvd., Suite 102, York, PA 17402
(Address of principal executive offices)
717-434-0668
(Registrant's telephone number, including area code)
___N/A___
(Former Name or former address if changed from last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 8.01 Other Events
Ameri Metro Inc. (the “Company”) entered into an Opportunity License Agreement with Penn Insurance Services LLC, on May 24, 2012, which was then amended on June 25, 2019. The amended Opportunity License Agreement now states that the Company has a 25% non-controlling interest in Penn Insurance Services LLC, and the ownership interest also includes ownership of book value in Penn Insurance Services LLC. Penn Insurance Services LLC shall pay 25% of all profits before taxes to the Company. Based on Penn Insurance Services LLC’s operations through July 2020, the Company is entitled to $216,142,753,042.50 of Book Value. The Company will record 25% ownership of its stakeholder interest in their financial filings beginning August 10, 2020. All related future revenue will also be recorded in the Company’s financial filings.
Item 9.01 Exhibits
(d) Exhibits.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
August 14, 2020
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/s/ Robert Choiniere —————————————— By: Robert Choiniere Title: Chief Financial Officer |
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EXHIBIT 23.1
August 13, 2020
Securities and Exchange Commission
100 F Street, N.W.
Washington, DC 20549-7561
Dear Sirs/Madams:
We have read Item 8.01 of Ameri Metro, Inc. (the “Company”) Form 8-K dated August 10, 2020 about the impact of Penn Insurance Services LLC operation results. We have no basis to disagree with the statements of the Company contained therein.
Very truly yours,
/S/ Weinstein International CPA
EXHIBIT 99.1
PLEASE SEE PDF VERSION
99.1 Supporting Documents