Adama Technologies Corp. (fka ADAC)

[I-Glow]

Looks like there might be a problem - from the 8-K: "On November 23, 2016, Adama Technologies Corp. (the "Company") entered into an Acquisition Agreement (the "Agreement") with Alpine Industries, Inc., a Utah corporation ("Alpine"), for the Company's acquisition of all equity interests and certain assets of Alpine, which will result in acquiring Alpine as a wholly-owned subsidiary of the Company. In consideration of these equity interests and assets, the Company will pay to Alpine's shareholders a purchase price of $2,000,000, payable in shares of the Company's common stock."

From the Utah SOS we find:

ALPINE INDUSTRIES, INC.
Status: Expired as of 01/01/1999
Status Description: Revoked

It was Incorporated in Tennessee:
Name: ALPINE INDUSTRIES, INC.
Status: Inactive - Revoked (Revenue)
Filing Status Changed From:Active To:Inactive - Dissolved (Administrative)
Inactive Date Changed From:No Value To:01/08/2013


A federal judge has ordered Alpine Industries, Inc., a Greenville, Tennessee, manufacturer of ozone generating air treatment machines, and its president, William J. Converse, to stop claiming that their machines provide relief from any medical condition or remove a wide variety of indoor air pollutants. The interim injunction follows a November 1, 1999, verdict where a Federal jury found unanimously that Alpine Industries and Converse violated a 1995 Federal Trade Commission order by failing to have "competent and reliable scientific evidence" to support hundreds of claims for their products. Alpine was also found to make unsupported claims that its products control indoor ozone levels

https://www.ftc.gov/enforcement/cases-proceedings/c-3614/alpine-industries-inc-william-j-converse

http://caselaw.findlaw.com/us-6th-circuit/1061392.html

So ADAC paid $2 Million for a revoked/dissolved company.

IG