From the 10K:
ADR Acquisition
On March 21, 2014, the Company entered into an Asset Sale Agreement (the “ASA”) with American Dynamic Resources, Inc., a Nevada Corporation (“ADR”). Pursuant to the ASA, the Company purchased from ADR certain oil and gas interests located in Montgomery, Labette and Wilson counties, Kansas. The acquired interests include, but are not limited to oil and gas leases, wells, structures, hydrocarbons, and licenses. The purchase price for these assets is $50,000 and 35,000,000 shares of the Company’s common stock valued at $87,500.
In connection with the ASA, the Company and ADR entered into an intellectual property contribution and assignment agreement (the “Intellectual Property Agreement), dated March 21, 2014, pursuant to which the Company acquired the right, title and interest to certain intellectual property rights owned by ADR in exchange for 35,000,000 shares of the Company’s common stock and $75.00 in cash.
8K is unnecessary IMO, because the companies RMed anyway.
