SEPTEMBER 2016 - New Management Takeover
RECENT FILINGS (under New Management) FORM 8k - Departure of Directors or Certain Officers; Election of Directors Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=11577693
New Management (as at August 26, 2016):
President & CEO - appointed Mr. Eric Sills (removed Mr. Griffin from CEO/Chairman role and as a Board of Director)
Vice President and COO - appointed Mr. Brandon James Rushing
Management also voted to cease plans to fulfil merger agreement to between ADAC and Incubator Holdings, Inc. for not fulfilling its obligations and processing the merger. This was a positive sign from the new management, as the original R/S (250:1) and merger agreement was toxic for shareholders.
NEW DIRECTION AND NEW MANAGEMENT - POSITIVE THINGS TO COME.
On August 26, 2016, the holders of the majority voting interest in the Company called and held a Special Shareholders Meeting and this meeting resulted in the affirmative vote to remove Mr. Griffin as the Chairman and Chief Executive Officer of Adama Technologies Corporation and appoint Mr. Eric Sills as President and Chief Executive Office. Michael Choo was also removed earlier in the year.
During this Special Shareholders Meeting there was an affirmative vote to cease with plans to fulfill the agreement dated September 10, 2015 by and between the Company and Incubator Holdings, Inc. This agreement involved the merger of the Company as a subsidiary of Incubator Holding, Inc. The affirmative vote was the result of Incubator Holdings, Inc., not fulfilling its obligations and processing this merger. FINANCIAL REPORTING NOW UP TO DATE.
All Filed under new Management, however signed by prior management.
Form 10-K for period ending 12/31/15 http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=11598178
Form 10-Q for period ending 03/31/16 http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=11605648
Form 10-Q for period ending 06/30/16 http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=11605649 As of June 30, 2016, 328,851,197 shares of common stock, par value $0.0001 per share, were issued and outstanding and 500,000,000 common shares were authorized. Transfer Agent
Nevada Agency and Trust as our stock transfer agent. Nevada Agency and Trust is located at 50 West Liberty Street, Reno, Nevada 89501. Phone: (775) 322-0626. As at 6th October 2016 - there are currently 328,851,197 issued and outstanding shares of which 266,416,410 are restricted. Best regards, Tiffany Baxter Transfer Agent Manager Nevada Agency and Transfer Company
50 West Liberty Street, Suite 880
Reno NV 89501 Tel: 775-322-0626
Fax: 775-322-5623 Email: [email protected] www.natco.org