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CannAwake Corporation (CANX)

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Last Post: 10/23/2019 11:44:24 AM - Followers: 14 - Board type: Free - Posts Today: 10

Moderator's Disclaimer - This board is for Delta Mutual discussion purposes only and in no way a recommendation to invest or not in this stock. Any investment decisions should be based on your own due diligence and decision. You are solely responsible for your choices to buy or sell. This is a disclaimer and in no way holds the moderators legally liable for your investments. BUYER BEWARE! Address 111 North Branch Street Sellersville, PA 18960 Leadership Peter F. Russo President & CEO Contact Phone: 215-258-2800 Profile Delta Mutual, Inc., through its subsidiaries and joint venture interests, provides environmental and construction technologies and services in the United States, Puerto Rico, the Far East, and the Middle East. The company’s joint venture subsidiary, Delta-Envirotech, Inc., provides environmental technology services for certain business sectors located in the Far East and the Middle East. Delta-Envirotech has a joint venture with PT. Triyudha-Envirotech to process oil sludge for separation and recovery with equipment manufactured in Indonesia. It also has a strategic alliance with ZAFF International, Ltd., a technology company, to jointly pursue projects related to soil and water reclamation in the Middle East. Further, Delta Mutual has majority owned joint ventures to manage the construction and related activities required to build low-income homes in Puerto Rico. The company was founded in 1999 and is based in Sellersville, Pennsylvania. Update Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (d) Effective January 28, 2008, the Registrant’s Board of Directors appointed James L. Weintraub, Esquire as a director to fill a vacancy on the Board. Mr. Weintraub, 46, is currently a practicing attorney concentrating on corporate and commercial law matters. His offices are located in Ft. Lauderdale, Florida. Since 1998, he has served as General Counsel, Secretary and Board Member of e-lysium Transaction Systems, Inc. and is one of the founders of this software development company. He served as General Counsel for Flick Mortgage Investors, Inc. from April 2004 to August 2004; General Counsel/Secretary for ITELSA, Inc. from July 1998 through 2003; and consultant and Board Member for Gulfside-Dadeland, Ltd. from September 2002 to April 2003. Mr. Weintraub was a partner in Weintraub, Weintraub, Seiden and Orshan from 1988 to 1998. He was a Florida Supreme Court Certified Mediator from 1996 to 2002. Mr. Weintraub received a J.D. degree (1988) and a B.B.A. in finance (1985) from the University of Miami, Florida. The Company does not compensate directors in their capacity as such nor does it compensate directors for attendance at meetings. The Company does reimburse directors for reasonable expenses incurred in the performance of their duties. Change of control Item 1.01. Entry into a Material Definitive Agreement. Effective March 4, 2008, Delta Mutual, Inc. (the “Company”, “we” or “us”) entered into a Membership Interest Purchase Agreement (the “Agreement”) with Egani, Inc., an Arizona corporation, (“Egani”), providing for the acquisition by the Company from Egani 100% of the issued and outstanding membership interests held by it in Altony SA, an Uruguay Sociedad Anonima (“Altony”), which owns 100% of the issued and outstanding membership interests in South American Hedge Fund LLC, a Delaware limited liability company (“SAHF”). In connection with the Agreement, we issued 130,000,000 shares of our common stock to Egani, and also issued 10,000,000 shares to Security Systems International, Inc., pursuant to a Consulting Services Agreement, dated September 10, 2007 (the “Consulting Agreement”), between the Company and Security Systems International, Inc. FOR THE FULL TERMS OF THE AGREEMENT AND THE CONSULTING AGREEMENT, PLEASE REFER TO THE COPIES THEREOF FILED AS EXHIBITS 10.35 AND 10.36, RESPECTIVELY, TO THIS REPORT. Item 2.01. Completion of Acquisition or Disposition of Assets. At a closing held on March 4, 2008, pursuant to the Agreement we acquired from Egani 100% of the issued and outstanding membership interests held by it in Altony which owns 100% of the issued and outstanding membership interests in SAHF, in exchange for our issuance of 130,000,000 shares of our common stock. Item 5.01 Changes in Control of Registrant. At the Closing of the purchase of all of the outstanding membership interests in Altony on March 4, 2008 ( the “Transaction”), we issued to Egani 130,000,000 shares of our common stock, which constitutes following such issuance a majority of our outstanding shares of common stock. The stockholders of Egani, Inc. are Daniel R. Peralta and Monica Laura Gallo, husband and wife, each a beneficial owner of 65,000,000 million shares of our common stock. Based on the number of our outstanding voting securities as of March 4, 2008, each of Mr. Peralta and Ms. Gallo own beneficially approximately 26.7% of our issued and outstanding shares of common stock. The consideration furnished by Egani, Inc. was comprised of all of the outstanding membership interests of Altony SA and South American Hedge Fund LLC, valued at $2,600,000 based on the market value of 130,000,000 shares of our common stock on March 4, 2008, that we issued to acquire these assets. The sources of funds used by the beneficial owners of Egani, Inc. to acquire control of the Company were personal funds. It is the intention of the two controlling stockholders of Egani, Inc. to designate a majority of our directors. Item 8.01 Other Events. On March 4, 2008, we acquired all of the outstanding ownership interests in Altony SA, which in turn owns all of the outstanding membership interests in South American Hedge Fund LLC, a Delaware limited liability company. South American Hedge Fund LLC is seeking investments in South America. In addition, following this acquisition, management intends that the Company continue to pursue business opportunities in the Middle East related to environmental remediation. SAHF Vancouver, B.C., Indico Resources Ltd. (“Indico”) has entered into a assignment agreement dated November 1, 2007, (the “Agreement”) for a 18% carried interest in two exploitation concessions located in Argentina (the “Concessions”), with Oxipetrol-Petroleros De Occident S.A. (“Oxipetrol”), an Argentinean company with an address of Cerrito 836, Ste, Buenos Aires, and South American Hedge Fund LLC (“SHF”), a Delaware company with an address in 2711 Centerville Road, Suite 400, Wilmington, New Castle, Delaware, 19808, for the purpose of exploring and developing hydrocarbons in exchange for the assuance of 7,000,000 Indico common shares in its capital stock payable to SHF as follows: 1) Indico will issue 1,000,000 common shares by January 1, 2008, subject to TSX Venture Exchange acceptance and 2) Indico will issue the remaining 6,000,000 common shares to SHF the earlier of: (i) all 6,000,000 common shares shall be issued in the event of a commercial oil and gas well being completed and within 60 days of notification by Oxipetrol of such commercial well completion; or (ii) 2,000,000 shares shall be issued for each $7,000,000 of oil and gas exploration expenditures incurred on the Concessions, to a maximum of 6,000,000 shares, (and if an issuance of shares is made under this subparagraph and thereafter a commercial well is drilled on the Concessions, then Indico shall only issue the balance of the 6,000,000 shares which are not yet issued). For further details on Indico, readers are referred to the Canadian regulatory filing on SEDAR. Chart 2007 Annual Report http://pinksheets.com/edgar/GetFilingHtml?FilingID=5865016 Ownership As of April 9, 2008 219,807,273 shares of Common Stock outstanding King Capital Investment Group http://kingcapital.tripod.com
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PostSubject
#5904  Sticky Note § RUT ROH !!! A NEW PROPOSED SEC RULE 1vman 10/23/19 11:08:36 AM
#5888  Sticky Note THE TRUTH IF YOU ARE REALLY INTERESTED IN LE CHIFFRE 10/22/19 03:14:22 PM
#5454  Sticky Note Here you go: KickolasNage 09/12/19 11:06:30 AM
#4191  Sticky Note ***** RAT HERES AN UP-DATED/RECAP OF OUTSTANDING INSIDER_INFO_SPILLING_DA_ 1vman 06/03/19 07:30:10 AM
#5908   Mostly it is rat trying to convince any Goodtimes93 10/23/19 11:44:24 AM
#5907   this board is whacky [SMART MONEY] 10/23/19 11:40:23 AM
#5906   NOW I AM HEARING_NIPTON_IS_THRIVING_YET_ITS_IN_FORECLOSURE 1vman 10/23/19 11:11:56 AM
#5905   *****HILARIOUS ! , NOW I AM HEARING BULLSHIT_INVESTORS_ARE_HOLDING 1vman 10/23/19 11:09:54 AM
#5904   § RUT ROH !!! A NEW PROPOSED SEC RULE 1vman 10/23/19 11:08:36 AM
#5903   *HILARIOUS! DIDN'T_HAPPEN!>>>HIGHLY-ADVERTISED "9/17/19_NIPTON_FORECLOSURE_A Rat Fink 10/23/19 10:35:14 AM
#5902   ***UPDATE!!! 26 DAYS UNTIL_NIPTON_FORECLOSURE_AUCTION!!!! 1ml 10/23/19 10:05:56 AM
#5901   *****NIPTON HAS BECOME A CANNABIS_RESORT_&_ALLOWS_CANNABIS_CONSUMPTION Rat Fink 10/23/19 09:49:26 AM
#5900   *BEEN HEARING CANX IS NOT A SCAM FOR Goodtimes93 10/23/19 01:55:17 AM
#5899   *****GOODTIMES HAPPENING NOW IN_NIPTON_CANNABIS_RESORT_SEE_FOR_YOURSELF>>> Rat Fink 10/23/19 12:29:13 AM
#5898   *BEEN HEARING "NIPTON FORECLOSSURE COMING"_BS_FOR_LONG_TIME_JUST_MORE_CANX_BULLSHIT_ Rat Fink 10/22/19 10:58:03 PM
#5897   HILARIOUS, GOING TO HAPPEN NOVEMBER 19 FORECLOSURE CANX Goodtimes93 10/22/19 10:46:27 PM
#5896   *HILARIOUS! DIDN'T_HAPPEN!>>>HIGHLY-ADVERTISED "9/17/19_NIPTON_FORECLOSUR Rat Fink 10/22/19 10:44:56 PM
#5895   *****NIPTON TO BE FORECLOSED ON NOVEMBER 19 SCAM Goodtimes93 10/22/19 10:40:30 PM
#5894   *****NIPTON HAS BECOME A CANNABIS_RESORT_&_ALLOWS_CANNABIS_CONSUMPTION Rat Fink 10/22/19 10:27:14 PM
#5893   CANX IS A SCAM Goodtimes93 10/22/19 10:17:09 PM
#5892   *LE CHIFFRE, MANY VISITORS LOVING NIPTON_RATED_4.4_OF_5_BY_VISITORS!__"300"__REVIEWS Rat Fink 10/22/19 09:39:18 PM
#5891   *****THE REAL TRUTH AS OF 10/22/2019_CANX_JUNK_REMAINS PART OF 1vman 10/22/19 08:18:40 PM
#5890   THE TRUTH IS CANX_IS_A_SCAM!!! 1ml 10/22/19 07:31:54 PM
#5888   THE TRUTH IF YOU ARE REALLY INTERESTED IN LE CHIFFRE 10/22/19 03:14:22 PM
#5887   *****HILARIOUS ! , NOW I AM HEARING BULLSHIT_INVESTORS_ARE_HOLDING 1vman 10/22/19 11:28:15 AM
#5886   NIPTON FORECLOSURE NOVEMBER 19 SCAM Goodtimes93 10/22/19 11:28:12 AM
#5885   § RUT ROH !!! A NEW PROPOSED SEC RULE 1vman 10/22/19 11:27:22 AM
#5884   *****CANX O/S REMAINS LOW_AS_OF_10/8/2019_CANX_O/S_@_44,450,846!!!!_https:/ Rat Fink 10/22/19 10:41:49 AM
#5883   Is it a coincidence that the Nipton auction KevSil 10/22/19 02:33:45 AM
#5882   *CANX SHAREHOLDERS HOLDING ONTO THEIR_SHARES!_OBVIOUSLY_THEY'RE_NOT_BELIEVING_"NIPTON Rat Fink 10/21/19 11:58:20 PM
#5881   *BEEN HEARING "NIPTON FORECLOSSURE COMING"_BS_FOR_LONG_TIME_JUST_MORE_CANX_BULLSHIT_ Rat Fink 10/21/19 09:21:31 PM
#5880   ***DELAY TO NOVEMBER 19TH_ALSO_"HIGHLY_ADVERTISED"!!!! 1ml 10/21/19 01:44:08 PM
#5879   § RUT ROH !!! A NEW PROPOSED SEC RULE 1vman 10/21/19 11:18:25 AM
#5878   ****NIPTON HAS BECOME A CANNABIS_RESORT_&_ALLOWS_CANNABIS_CONSUMPTION!! Rat Fink 10/21/19 10:37:02 AM
#5877   ***HILARIOUS! DIDN'T_HAPPEN!>>>HIGHLY-ADVERTISED "9/17/19_NIPTON_FORECLOSURE Rat Fink 10/21/19 09:49:54 AM
#5876   ***UPDATE!!! 28 DAYS UNTIL_NIPTON_FORECLOSURE_AUCTION!!!! 1ml 10/21/19 09:39:53 AM
#5875   *****CANX REMAINS A SCAM Goodtimes93 10/21/19 01:38:12 AM
#5874   *****CANX O/S REMAINS LOW_AS_OF_10/8/2019_CANX_O/S_@_44,450,846!!!*****_htt Rat Fink 10/20/19 11:53:36 PM
#5873   *****BEEN HEARING "NIPTON FORECLOSSURE COMING"_BS_FOR_LONG_TIME_JUST_MORE_CANX_BULLS Rat Fink 10/20/19 09:09:44 PM
#5872   *****NIPTON TO BE FORECLOSED ON NOVEMBER 19 SCAM Goodtimes93 10/20/19 08:21:41 PM
#5871   ****NIPTON HAS BECOME A CANNABIS_RESORT_&_ALLOWS_CANNABIS_CONSUMPTION!! Rat Fink 10/20/19 06:31:06 PM
#5870   CANX IS A SCAM Goodtimes93 10/20/19 02:00:21 PM
#5869   HILARIOUS! DIDN'T_HAPPEN!>>>HIGHLY-ADVERTISED "9/17/19_NIPTON_FORECLOSURE_AU Rat Fink 10/20/19 01:54:50 PM
#5868   ***UPDATE!!! 29 DAYS UNTIL_NIPTON_FORECLOSURE_AUCTION!!!! 1ml 10/20/19 12:21:05 PM
#5866   *****LE CHIFFRE, GREAT POST 4603!!!_"NIPTON_IS_THRIVING_-_DOING_AMAZING Rat Fink 10/20/19 12:34:27 AM
#5865   LO!! CAN'T GIVE THESE_SHARES_AWAY!!!_NO_ONE_WILL_BUY!!!! 1ml 10/20/19 12:22:04 AM
#5864   ***WOW WHAT A CANX SELLOFF, HUH??? FACTUALLY,_NO_OR_LOW_VOLUME_CONTINTUES_DAILY!!! Rat Fink 10/19/19 12:49:13 PM
#5863   CANX DOWN 80% SINCE_JUNE!!!_SHAREHOLDERS_SURE_ARE_HOLDING!!![/b 1ml 10/19/19 12:20:45 PM
#5862   CANX SHAREHOLDERS CAN’T SELL THEIR SHARES WITHOUT LOSING Goodtimes93 10/19/19 08:09:26 AM
#5861   *****CANX SHAREHOLDERS HOLDING ONTO THEIR_SHARES!_OBVIOUSLY_THEY'RE_NOT_BELIEVING_"NI Rat Fink 10/18/19 11:59:08 PM
#5860   *****MORE & MORE INVESTORS WONDERING WHAT WILL BE Goodtimes93 10/18/19 09:40:51 PM
#5859   ******MANY MANY VISITORS LOVING NIPTON!!!_RATED_4.4_OF_5_BY_VISITORS_OUT_OF_299_REVIEWS!!!! Rat Fink 10/18/19 09:37:51 PM
#5858   *****HILARIOUS ! , NOW I AM HEARING BULLSHIT_INVESTORS_ARE_HOLDING 1vman 10/18/19 11:20:10 AM
#5857   § RUT ROH !!! A NEW PROPOSED SEC RULE 1vman 10/18/19 11:19:13 AM
PostSubject