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Management seems to be moving on more fronts.
Obviously Dixie property relegated to not prime property for FRMA.
-" Firma Holdings Corp. (OTCQB: FRMA) is pleased to announce the sale of its Ponderosa Project for a total value of $580,000. The payments are due over the next six months.
The Ponderosa Project consisted of 6,721 acres of both patented and unpatented mining claims in central Idaho, USA. Firma's mining division continues to own 100% interest in its Don Roman and Picacho projects located in Mexico."
Here is an update on FRMA activity with its SmartPac division-Looking good
But the proof will be when they start reporting revenue.
"Firma Holdings Corp. (OTCQB: FRMA) is pleased to provide an update on its wholly owned SmartPac Global division. Significant progress has been made towards establishing the SmartPac packaging system as a global solution to the problems of decay, moisture loss, infestation and food-borne disease that are common in the fresh produce industry. Firma has successfully completed several SmartPac demonstrations through shipments to major retailers and distributors in Europe and Asia. Retailers have confirmed the economic and product quality enhancement attributes provided by the SmartPac system and are now actively engaged in material fulfillment discussions. Due to the overwhelming positive response, Firma has engaged strategic global carton manufacturers to establish an infrastructure that will be able to support pending, as well as forecasted, demand for the SmartPac technology.
Firma engaged the services of a global distribution and logistics expert to introduce and enlist end users to its patented SmartPac solution. This included major destination importers, retailers and food service distributors, in both Europe and Asia. The objective was to introduce and properly communicate the significant value propositions offered by the SmartPac packaging system. As a result of these meetings, Firma was engaged to demonstrate the performance by shipping asparagus, avocados, limes, and honeydew melons, in SmartPac cartons, to Japan and Europe. The demonstrations resulted in reducing transportation costs, reducing spoilage and handling costs, while enabling consumers to enjoy better tasting fresh food.
Firma's core patented technology, SmartPac, is a complete system for the preservation of fresh fruit, vegetables, and flowers during extended periods of shipping and storage, using Modified Active Atmosphere Packaging technology. The SmartPac packaging technology is protected by patents throughout the world.
Clients, engaged to date, import high value fresh fruit and vegetables from long distances, including the US, Mexico, Peru and Chile. As one recent example, avocado fruit was shipped to Japan and the condition of the fruit was evaluated upon arrival by both the importer and SmartPac Global representatives. The avocado fruit using SmartPac technology was found to have arrived in superior condition, and with less weight loss, when compared to standard cartons. Demonstration of SmartPac's clear value propositions has resulted in requests for additional shipments and supply chain preparations for meeting scaled demand.
With these demonstrations, Firma has confirmed that the market demands an effective "per carton" solution that enables the retailer to capture and eliminate the costs associated with transportation and decay related waste generated in their fruits and vegetables supply chains. As a result, in addition to seeking to fulfill current market requests and developing custom packaging, the company is currently expanding its global dynamic demonstrations.
About Firma Holdings Corp. (http://www.FirmaHoldings.com)
Firma recently acquired intellectual property for the preservation and protection of fresh fruit, vegetables and flowers during extended periods of shipping and storage. The patented technology, known as "SmartPac," is a bulk produce packaging system available for world-wide generic industry applications. In addition, the company's mining division holds mining projects that encompass over 45,000 acres of mining concessions.
Hopefully we will start receiving information about who is taking over the management of TRGD this month.
I believe a year end filing is due this month.
Only 200K shares... big for FRMA... but not a big deal... I am hoping that some miner with GOOD management, as opposed to our team of clowns here at FRMA will buy this company out 100% for a decent premium.
Anyone know what happened to the $7 Million that Yamana paid for an option? Any of that still left... after the absurd $500K spent for a grocery packaging thing that is certainly worthless... or did the comedy team of Barefoot/Biscan take the rest of it in "bonuses"???
According to TD America and TD Waterhouse the value of the FRMA dividend
Shares for tax purposes will be $. 091 per share. I advise shareholders to check with your tax advisor to be sure. Capital gains tax would be payable when filing 2015 tax return in 2016
Sorry Canadian Shareholders of TRGD who will be receiving FMRA share dividend tomorrow [Feb 5] . I have been informed there is a change in Canadian Revenue Agency regulations re stock dividends being transferred! The regulation now reads "If the dividend is taxable in the USA, IT IS TAXABLE IN CANADA
So the piper has to be paid.
Posted by HHAPPY on another site
Important information for TRGD shareholders who will be receiving FRMA shares as a dividend on Feb 5,2015.
American shareholders will have to pay a capital gains tax on the dividend. The first tranche
did not attract a capital gains tax until the TARM shares were sold because at that time TRGD owned more than 80 % of the shares of TARM. Now TRGD owns approx. 40% of FRMA so US
Federal Capital gains tax must be paid.
Canadian shareholders did have to pay capital gains on the first tranche of the TARM dividend even though they had not sold the TARM shares.
This time there is an exemption available to forgo the tax until the FRMA shares are sold. I have provided management of FRMA with the attached information to obtain the exemption. I would urge all Canadians who will be receiving the dividend of FRMA shares to write or call management to request they apply for the exemption . There is a time limit on making an appeal- I believe it is 6 months but not sure.
Below is my information to FMRA management after first tranche
I have been successful in contacting Canadian Revenue Agency [CRA] re Canadian shareholders of TRGD/TARM and the tax liability of the TARM dividend to TRGD Canadian shareholders.
The first tranche received by Canadian shareholders of TRGD of the TARM shares attracted a T5 status. ie this transaction resulted in a tax liability even though the shares were NOT sold.
If TRGD/FRMA MANAGEMENT SUCCESSFULLY APPLIES FOR AN EXEMPTION FROM THIS “FOREIGN LIABILITY” SUBSEQUENT DIVIDENDS PROMISED BY MANAGEMENT WOULD NOT ATTRACT TAX UNTIL THE FRMA SHARES ARE SOLD !!
I have forwarded this information to management and hope they act quickly to file and achieve exemption. CSA said this is a routine transaction.
Go to http://laws-lois.justice.gc.ca/eng/acts/I-3.3/page-121.html#h-23 from the Canadian Income Tax Act.
It took some time and patience to obtain this info but CSA was very helpful !!
Would suggest you contact your accountant to follow this matter.
Remember when you sell the FRMA shares it will attract a tax. Not sure if part Dividend Income plus Capital Gain.
It is still halted. Assume it will be reactivated eventually, but not sure what assets it holds.
Does TRGD trade anymore? Or will it soon? Sorry for not being up to date with the Company.
HOPEFULLY TODAY'S ANNOUNCEMENT OF DISTRIBUTION OF FRMA
SHARES TO TRGD SHAREHOLDERS INDICATES THAT MANAGEMENT IS PROGRESSING ON THEIR PROJECTS FOR FRMA.
Tara Gold Announces Distribution of Firma Holdings Corp. Shares
Ticker Symbol: U:FRMA
HENDERSON, NV -- (Marketwired) -- 01/27/15
Firma Holdings Corp. (OTCQB: FRMA) announces that Tara Gold Resources Corp. is distributing 0.38843 shares of Firma for each outstanding share of Tara Gold. Any fractional shares will be rounded down to the nearest whole share. The Record Date is January 28, 2015, and the Payment Date is February 5, 2015.
Upon the completion of this distribution, Tara Gold will no longer hold any shares of Firma Holdings.
Firma Holdings was incorporated on May 12, 2006 as Tara Minerals Corp., a subsidiary of Tara Gold Resources. Tara Gold has held Tara Minerals shares since its inception. On June 3, 2014, the Articles of Incorporation were amended to change the name to Firma Holdings Corp.
About Firma Holdings Corp. (http://www.FirmaHoldings.com)
Firma recently acquired intellectual property for the preservation and protection of fresh fruit, vegetables and flowers during extended periods of shipping and storage. The patented technology, known as "SmartPac", is a bulk produce packaging system available for world-wide generic industry applications. In addition to the SmartPac technology, Firma also holds US and Mexico mining projects.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. Please read the full disclaimer at www.FirmaHoldings.com.
The markets on gold are becoming unstable... great news, if we can get a big spike in the price of gold... we all, just maybe, can get out of this clown act with some of our cash back!! hooray!!
See, I CAN be positive at times!!
There should be a 3rd quarter filing any day now.
Pretty childish, roachboy... you want to pump this stock... fine, but try not to be so obvious... you are making a fool of yourself.
Anyone know any good recipes for DEAD DUCK???
LOL!!!
Following post from another site
I urge all shareholders and potential shareholders of FRMA
to read the 10Q filed last Friday . Full of important information as to old and new developments.
http://secfilings.com/searchresultswide.aspx?link=1&filingid=10155410
Regarding the new agriculturaldivision that is a new area of hoped for revenue. As well as the mineral division
The agriculture division plans to focus on two areas that offer scalable revenue:
- The first is from the sale of the SmartPac units. SmartPac packaging cartons will be sold by the Company and licensed partners to growers, packers and end-users for the packing, storage and shipment of bulk quantities of produce and flowers.
Currently, the Company has entered into a working relationship with an existing produce distributor towards the sale of produce and to initiate the sale of Firma branded produce. The Company has loaned the distributor funds to source fresh produce and sell to end users. The initial produce sales will use conventional packaging until the Company can manufacture SmartPac units in the needed volumes. Once SmartPac unit production stabilizes, the Company will begin shipping to certain strategic established clients in SmartPac units and benefit from the available system cost savings.
I have consulted with people involved in growing and shipping crops to end users[ grocery stores, florists,directly or through wholesalers.]
They state that most vegetables and flowers presently have a 2-3 week time frame from being harvested and received by the end user before deterioration occurs. Albertsons stated that they routinely expect 1\3 of a shipment to be too degraded to be sold at a prime pricing level!!
Since the Smart Pac packaging has a 6 week period before deterioration- such timing would allow shipment costs to be significantly lower as trains, trucks and boats could be used instead of airplanes.
Thus, while hopefully FRMA will report revenue flows from their present shipments of produce using ordinary cartons in the next couple of quarters, we can expect significantly higher margin profits once the SmartPac packaging is utilized.
Prove of the concept will be in subsequent 10Q!!
We urge all shareholders to read carefully the 10Q filed by Firma Holding as it gives a great discussion of potential and possible problems that must be overcome.
Of special interest is the role that Tara Gold plays in the structure of the company.
Link http://secfilings.com/searchresultswide.aspx?link=2&filingid=10155410
10 Q just filed Best news Re law suit
ITEM 1. LEGAL PROCEEDINGS
On June 12, 2014 a complaint was filed in the Delaware Chancery Court naming FreshTec, it’s officers, and the Company as Defendants. The complaint, filed by a minority stockholder of FreshTec, sought to enjoin the sale of the Freshtec technology to the Company.
"On July 29, 2014 the complaint was dismissed without prejudice as to the Company and the other defendants."
I believe this suit had prevented management from moving forward on certain matters. They are now free to develop their plans.
10q released
-lawsuit dismissed
-firma branded fruit, veg, and/or flowers will be available for purchase soon, but shipped in conventional packaging. Firma trying to build capital initially while promoting freshtec.
-we were diluted to the tune of 7M shares in May, mostly for .15, including a free warrant for more at .35
Historically the Richmond Brothers first became involved with Tara Minerals in 2010-2011 and purchased approximately 5 million shares on the open market at prices all the way to $1.98. This was shown in reports we received from a firm that tracks buys. We cannot track sales so do not know if they sold any since that time. But they have always stated they held a position in TARM.
Our service says they have been purchasing shares lately, but the numbers don't square with the announcement yesterday. Perhaps a PP has occurred.
The second quarter filing should be out this week so perhaps we will see information.
Richmond has been a firm supporter of TARM and obviously feel encouraged by the FRMA move.
Hope they are right!!
Is this good or bad? 16.9%....large holding.
LTS...shine on
New filing of increased holdings by Richmond Brothers Inc.
From a post elsewhere
A filing of SC13g by Richmond Brothers Inc. Revealing their holdings in FRMA
Richmond Brothers is a Financial and Retirement financial advisor who have been invested since approx 2011 [if not longer] in Tara Minerals and now FRMA..
They now hold 13,690,666 shares. A 16.9 % interest in FRMA.
I don't know if it is "meritless"... last one cost the clowns of Tara all the iron ore... right?
These guys obviously didn't do their due diligence on the buy...
Wonder how those assays of Ponderosa came out... LOL!!!!
Adit worthless now?? Don roman ditto?
I sure wish the SEC would investigate this company... are they crooked or merely incompetent?
We are not sure how important trading was yesterday, but the 30,000 shares traded showed that Industrial Alliance Securities was the buyer. The first time we have seen this company's activity in FMRA, but they have a reputation of opaque trading until they have acquired a large holding.
This company has a great reputation for making significant investments.
Whether this is a one off or first indication that they have already made previous accumulations has to be revealed.
Industrial Alliance Securities Inc. is a full-service brokerage firm. It is a wholly owned subsidiary of Industrial Alliance Insurance and Financial Services, manages and administers over $49 billion in assets.
Investors should familiarize themselves re the varied projects under the new FIRMA Holding Corp.
From firma web site-
"Firma Holdings Corp. controls three mining assets. The Don Roman district, located in Mexico, has 70+ distinct structures identified within 8 km diameter of a 100% owned centralized processing mill. The 100% owned Picacho group has 9 gold-bearing veins over 4 mineralized target areas with an aggregate vein strike length of over 10.8 km. The US Ponderosa holdings consist of patented and unpatented mining claims with previously mined veins and exposed outcrops averaging 14 grams/tonne gold.
Firma recently acquired intellectual property for the preservation and protection of fresh fruit, vegetables and flowers during extended periods of shipping and storage. The packaging assets are comprised of patents, trademarks and other intellectual property in the United States, Europe, Mexico, Canada, South Africa, Japan, and Chile regarding system and method for packaging of bulk quantities of fresh produce and flowers incorporating modified atmosphere packaging. These assets also includes pending applications throughout the world regarding the active treatment of modified atmosphere packaging."
Do your own DD and watch for developments]
"Tara Minerals is now trading as Finra Holdings Corp.....
Firma Holdings....:)
Posted on another site
"Tara Minerals is now trading as Finra Holdings Corp- Symbol FRMA
TARM shares will be exchanged for FRMA shares on a one for one basis
Shares Issued 81,082,000
TRGD owns approximately 40% of current shares issued which eventually [if we live long enough] will be dividend to TRGD shareholders."
Tara Minerals Corp., TARM, changed to Firma Holdings Corp., FRMA:
http://www.otcbb.com/asp/dailylist_detail.asp?d=06/20/2014&mkt_ctg=NON-OTCBB
The news just keeps coming. Say good by to TARM -welcome FRMA/b]
"Tara Minerals Corp. (OTCQB: TARM) (BERLIN: 6T3) is pleased to announce a name and symbol change to better reflect its revised structure as a holding company. The Company will now be known as Firma Holdings Corp., with the trading symbol FRMA. FINRA has advised the Company that the name & symbol change will take effect June 23, 2014.
On June 3, 2014 the Company amended its Articles of Incorporation changing its name from Tara Minerals Corp. to Firma Holdings Corp. The amendment was approved by shareholders owning a majority of the Company's outstanding shares. FINRA approved the changes today.
The mining assets and the newly acquired packaging assets will be held under separate divisions.
About Tara Minerals Corp. (http://www.TaraMinerals.com)
Tara Minerals continues to advance the US and Mexico mining projects. The patented SmartPac bulk produce packaging system is available for generic industry applications and for licensing towards its world-wide application.
Every quarterly filing by TARM and TRGD mention that management is still determined to complete the dividends of TARM shares to to TRGD EVENTUALLY !!!
Anyone wonder why, if this new food preservation/packaging technology is such a game changer... why some major company in the food packaging business didn't snap it up?
Wonder why it was sold to a company that is in obvious disarray... with management that refuses to explain ANYTHING to it's shareholders... Management with NO previous experience in the food packaging/preservation business? Where properties that were once plugged as super-rich with massive potential are now lying fallow... where deals blow up like cheap gag cigars with no explanation or follow-up? Millions in cash payments not explained... are salaries, payments and bonuses still being handed out to the select few in the "management" team???
Tara Gold shareholders simply ignored, their equity basically worthless... promised distributions no longer discussed...
BTW... are those assay results back yet??? LOL!!!
Newest PR from TARM management.
Gives a good explanation of why management has opened a new project.
"
Tara Minerals Closes Packaging Technology Acquisition
06/19/2014
HENDERSON, NV -- (Marketwired) -- 06/19/14 -- Tara Minerals Corp. (OTCQB: TARM) (BERLIN: 6T3) is pleased to announce that it has closed the acquisition of intellectual property for the preservation and protection of fresh fruit, vegetables and flowers during extended periods of shipping and storage. The mining assets and the newly acquired packaging assets will be held under separate subsidiaries.
The acquisition is comprised of patents, trademarks and other intellectual property in the United States, Europe, Mexico, Canada, South Africa, Japan, and Chile regarding systems and methods for packaging of bulk quantities of fresh produce and flowers incorporating modified atmosphere packaging. The acquisition also includes pending applications throughout the world regarding the active treatment of modified atmosphere packaging.
The commercially demonstrated SmartPac system replaces industry-standard shipping cartons with a sealed see-through container system that preserves produce in virtually the same condition it was in when newly picked, for up to one month during shipment or storage. The packaging system reduces spoilage, extends market reach to far-away customers, and opens up cheaper (ship/rail vs. air) transportation options. The SmartPac system also improves food safety through an efficient mechanism for the distribution of anti-microbial agents, which deter mold, disease and infestation while in transit or in storage.
The solution caters to the quality needs and wants of the end user, opens up new distribution channels, improves the logistics service to customers, and enables lower system-wide costs. The SmartPac solution will be made available for the packing, storage and shipment of bulk quantities of produce to growers, packers and end-users."
Good point . Any suggested names!!
Would seem to be very much without merit law suit but lawyers will profit.
Full filing
On May 28, 2014 the Company entered into an agreement with FreshTec, Inc. to acquire technology which can be used for the preservation and protection of fresh fruit, vegetables and flowers during extended periods of time during shipping and storage.
On June 17, 2014 the Company acquired the technology pursuant to the terms disclosed in the Company’s 8-K report filed on June 4, 2014.
Item 8.01
Other Events.
On June 12, 2014 Perry Lidster, a minority shareholder of FreshTec, Inc., filed a lawsuit against FreshTec, Inc., the management of FreshTec, and the Company in the Delaware Chancery Court. The suit alleges that the management of FreshTec breached their fiduciary duty to the FreschTec shareholders by causing the sale of the technology to the Company and that Company aided and abetted FreshTec’s management in breaching their fiduciary duty. Shareholders owning over 93% of FreshTec’s common stock previously approved the sale of the technology to the Company. Based upon discussions with counsel, the Company believes the suit is without merit.
Another meritless suit? When have we seen that before?
lets see if we can put 2 and 2 together here.....
stock goes up on huge volume for one day only, a week ago.
then price starts going back down on low volume over the next week.
then pr comes out about a meritless suit against fresh tec and tarm.
when have we seen this exact scenario play out before???
if you can answer that correctly, then you may have some insight into who is REALLY behind this attack....again.
We respectfully believe, rather than manipulation, the buying is a concerted effort to accumulate a significant position in TARM- soon to be FIRMA Holdings.
But you are right. We will have to wait for further updates.
684,000 shares traded yesterday?
and only 200 today?
means yesterday was probably just for show and manipulation, nothing more....
we'll have to wait and see if there is any real progress being made.
Here is name change filing.
We would expect a news release from the company soon- perhaps next week??
"amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On June 3, 2014 the Company amended its Articles of Incorporation changing its name from Tara Minerals Corp. to Firma Holdings Corp. The amendment was approved by shareholders owning a majority of the Company’s outstanding shares. The name change will become effective on the OTC Bulletin Board following an announcement by FINRA."
Some good information.
These two links, however, are apparently for another FreshTec in the UK, that does not sound like they have anything to do with FreshTec and the SmartPak.
http://www.freshtec.co.uk/
But no word about the Namechange...
Freshtec Inc:
Fresh Tec: Revolutionizing Fresh Produce
Jose B. Alvarez
Harvard Business School, Marketing Unit
Ryan Johnson
affiliation not provided to SSRN
July 22, 2011
Harvard Business School Entrepreneurial Management Case No. 511-059
Abstract:
An entrepreneurial produce packaging firm, that has developed a disruptive technology that keeps fresh produce and flowers fresh for significantly longer faces strategic growth decisions. CEO Bob Wright must decide how best to bring his company's unique packaging product to market. The technology holds promise after a long development phase, but the packaging is more expensive and Wright and his team must convince the industry stakeholders of the packaging's value.
Learning Objective: Learn about the challenges involved in launching a new product that impacts multiple players in a supply chain. Learn about the produce supply chain and issues affecting waste in that system.
working papers series
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2004639
found tons of webpages for them
http://smartpacsystems.com/
http://www.freshtecinc.com/
http://www.freshtec.co.uk/
Some Video:
TARM has filed an 8K revealing the terms with FreshTec to acquire the rights to SmartPac technology in the following territories:United States, Mexico and Canada,European Union and All other countries
No small potatoes!!!
http://ih.advfn.com/p.php?pid=nmona&article=62442554&symbol=TARM
Great find!
Hopefully we will receive PR re this matter.
Namechange on NVSOS
New Name: FIRMA HOLDINGS CORP.
http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=u1UBScYyFJfMdOgtKM87ZA%253d%253d&nt7=0
Good to see at least one person excited about TARM. I continue to think Don Roman alone is worth a multiple of the present price. I think others are believers as well, and have been waiting for the right time to be investors.
What assays are you talking about???
NEW ACQUISITION!!! Another strong move by the insane clown posse of Tara... let the BIG CON continue!!!
Potential next acquisition is the... wait for it... SHAM WOW!!!
Buying a food service/frozen food protection gimmick with OUR cash is just another chapter in this "Madoff in Wonderland" tale of woe...
Would make a great sitcom... if so many good people had not lost large chunks of cash trusting these schnooks...
Hey, are those assays back yet??? LOL!!!
HERE IS NEWS!!!
Tara Minerals Acquires Disruptive Packaging Technology
Ticker Symbol: U:TARM X:BERLIN:6T3
HENDERSON, NV -- (Marketwired) -- 05/29/14
Tara Minerals Corp. (OTCQB: TARM) (BERLIN: 6T3) is pleased to announce the diversification of its opportunities through the acquisition of intellectual property for the preservation and protection of fresh fruit, vegetables and flowers during extended periods of shipping and storage. The acquisition is comprised of patents, trademarks and other intellectual property in the United States, Europe, Mexico, Canada, South Africa, Japan, and Chile regarding systems and methods for packaging of bulk quantities of fresh produce and flowers incorporating modified atmosphere packaging. The acquisition also includes pending applications throughout the world regarding the active treatment of modified atmosphere packaging.
The patented solution, the SmartPac? system, has been demonstrated commercially and provides for immediate opportunities to license towards its worldwide adaptation and for use with Tara branded fresh produce. The solution caters to the quality needs and wants of the end user, opens up new distribution channels, improves the logistics service to customers and enables lower system-wide costs. The SmartPac? solution will be made available for the packing, storage and shipment of bulk quantities of produce to growers, packers and end-users. Examples of generic industry applications include avocado, tomato, iceless broccoli, d'anjou pears, cherries, stone fruits and flowers.
Deterioration and vulnerability to pathogens (food safety) are serious and growing problems for the fresh bulk produce industry. The SmartPac? system is referred to as "disruptive innovation" in that it solves these problems for bulk produce by replacing the industry-standard shipping cartons with a sealed container system that preserves produce in virtually the same condition it was in when newly picked, for up to one month during shipment or storage. This means produce can be picked when ripe, flavorful and at peak weight, and enjoyed by the consumer in the same condition. The packaging system reduces spoilage considerably, extends market reach and opens up cheaper (ship/rail vs. air) transportation options. The SmartPac? system also has an efficient mechanism for the distribution of anti-microbial agents, which deter mold, disease and infestation while in transit or in storage.
Mr. Francis Biscan Jr., President of Tara Minerals, stated, "We believe this technology can dramatically impact and disrupt the way fresh produce is shipped and stored around the world. For the benefit of all shareholders, we could not ignore this strategic, rapid growth opportunity presented by the advanced technology in the international produce and packaging supply industries. The sourcing of produce from around the world is increasingly assisted by a reduction in trade barriers. The acquired patented bulk packaging system positions Tara with a key competitive advantage in the food industry. We will aggressively build this business and I look forward to sharing our progress. At the same time, we recognize that our mining assets have considerable unrealized value and we will continue to progress these properties towards their potential. The revenue generated from SmartPac? will be used to advance both our mining and packaging assets and results in significant potential added value and risk diversification to Tara."
Tara Minerals has signed a definitive agreement with FreshTec, Inc. for the acquisition of the above mentioned intellectual property. Closing is subject to delivery of appropriate documentation and warranties by FreshTec and contractually limited to no more than 40 days from signing. The Company will pay FreshTec a total of $500,000 upon closing. The Company will also pay royalties to FreshTec related to licensing fees and packaging system unit sales. To complete this transaction and market the technology, the Company has raised $750,000 which will be released to the Company upon closing.
About Tara Minerals Corp. (http://www.TaraMinerals.com)
The patented SmartPac? bulk produce packaging system is available for generic industry applications and for licensing towards its world-wide application. Tara Minerals also continues to advance the US and Mexico mining projects.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. Please read the full disclaimer at www.TaraMinerals.com .
"Panormus Trust and Investments Ltd. and MTI have acknowledged that they have experienced some administrative and managerial challenges that have resulted in a delay in the release of funds. They have also acknowledged that the challenges have been resolved; the Company has agreed to give them until May 30, 2014 to fund."
Anyone here have $10 they want to bet the funding does NOT happen by May 30??? I smell a continuation of the BIG CON. Just my opinion, of course.
Any results on those assays taken so long ago??? LOL.
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HENDERSON, NV -- (Marketwired) -- 06/20/14 -- Tara Minerals Corp. (OTCQB: TARM) (BERLIN: 6T3) is pleased to announce a name and symbol change to better reflect its revised structure as a holding company. The Company will now be known as Firma Holdings Corp., with the trading symbol FRMA. FINRA has advised the Company that the name & symbol change will take effect June 23, 2014.
On June 3, 2014 the Company amended its Articles of Incorporation changing its name from Tara Minerals Corp. to Firma Holdings Corp. The amendment was approved by shareholders owning a majority of the Company's outstanding shares. FINRA approved the changes today.
The mining assets and the newly acquired packaging assets will be held under separate divisions.
Tara Minerals Closes Packaging Technology Acquisition
06/19/2014
HENDERSON, NV -- (Marketwired) -- 06/19/14 -- Tara Minerals Corp. (OTCQB: TARM) (BERLIN: 6T3) is pleased to announce that it has closed the acquisition of intellectual property for the preservation and protection of fresh fruit, vegetables and flowers during extended periods of shipping and storage. The mining assets and the newly acquired packaging assets will be held under separate subsidiaries.
The acquisition is comprised of patents, trademarks and other intellectual property in the United States, Europe, Mexico, Canada, South Africa, Japan, and Chile regarding systems and methods for packaging of bulk quantities of fresh produce and flowers incorporating modified atmosphere packaging. The acquisition also includes pending applications throughout the world regarding the active treatment of modified atmosphere packaging.
The commercially demonstrated SmartPac system replaces industry-standard shipping cartons with a sealed see-through container system that preserves produce in virtually the same condition it was in when newly picked, for up to one month during shipment or storage. The packaging system reduces spoilage, extends market reach to far-away customers, and opens up cheaper (ship/rail vs. air) transportation options. The SmartPac system also improves food safety through an efficient mechanism for the distribution of anti-microbial agents, which deter mold, disease and infestation while in transit or in storage.
The solution caters to the quality needs and wants of the end user, opens up new distribution channels, improves the logistics service to customers, and enables lower system-wide costs. The SmartPac solution will be made available for the packing, storage and shipment of bulk quantities of produce to growers, packers and end-users."
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