On September 6, 2017, WealthColony Management Group, LLC announced that it has delivered a letter to Jamieson Karson, Chief Executive Officer of Soupman, Inc., advising that WealthColony Management has elected to not challenge the Company’s position with respect to the effectiveness of the actions taken by WealthColony Management to replace the Company’s Board of Directors and has revoked the consent delivered to the Company with its August 13, 2017 letter.