That's solid STOA DD that you have posted. I think some of the other posts below should be read and understood for new and current STOA shareholders too:
Transactions by IRIS CORP BHD (ICB) in the last 6 months
Announced 03/18/13
Iris Corporation Bhd., Renewable Energy and Waste-to-energy Assets Merger/Acquisition
looks like deal almost done deal/\
Sitoa Global Inc. (OTCPK:STOA) entered into a letter of intent to acquire renewable energy and waste-to-energy assets from Iris Corporation Bhd.
(KLSE:IRIS) and other third parties on March 18, 2013. Sitoa Global Inc. entered into a letter of intent with IRIS Corporation Berhad, the owner of certain selected waste-to-energy assets; and other renewable energy and waste to energy pipeline project assets, owned by third-party owners and with whom, IRIS will secure appropriate agreements to these projects, technologies, rights and obligations in respect of a proposed transaction, in which Sitoa will purchase IRIS renewable energy asset plus waste-to-energy assets owned by other third parties, in exchange for common shares in Sitoa.
On completion of the acquisitions, IRIS will become the majority shareholder of Sitoa as a result of the share exchange and Sitoa will pursue the development of the acquired renewable energy business in accordance with IRIS's business plan. The acquisition expects to be completed by the end of the second quarter, 2013. Sitoa Global Inc. (STOA)
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