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Secured Digital Applications Inc (fka SDGL)

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Last Post: 3/7/2012 6:45:28 PM - Followers: 35 - Board type: Free - Posts Today: 0


Transfer Agent
Registrar and Transfer Company
10 Commerce Drive
Cranford, New Jersey 07016-3572
Telephone : 1-800-3685948
Overseas   : 1-908-497-2300
Homepage :

Share Structure

AS: 350

OS: 146M 11/16/2010 (as per T/A)
OS: 146M 06/14/2010 (as per T/A)

float: unknown

Item 8.01    Other Events

On June 18, 2010, Secured Digital Applications, Inc.’s Malaysian subsidiary, Juta Ketara Sdn Bhd (the “Assignor”), BlueCircle Technology Sdn Bhd and Triband Solar-Wind Power Sdn Bhd (the “Assignee) executed an Assignment Agreement.  Under the Agreement, the Assignor has assigned all its rights, obligations and liabilities under the binding Letter of Intent (“LOI”) executed with BlueCircle Technology Sdn Bhd, a Malaysian corporation (“BlueCircle”) to the Assignee.  Pursuant to the Agreement, the Assignee will also reimburse the Assignor all its due diligence expenses.   

Juta Ketara had executed a binding Letter of Intent with BlueCircle on May 31, 2010 with respect to the purchase of all of the rights and assets, including but not limited to, accounts receivable; inventory at lower of cost or fair market value; certain assets; customer lists; databases; sales, service and vendor contracts constituting the solar energy business of BlueCircle (the “Transaction”).  The purchase price for the rights and assets subject to post closing adjustments is approximately $1.55 million payable at the closing of the Transaction.

Triband Solar-Wind Power Sdn Bhd is a 30:70 joint venture company between Juta Ketara Sdn Bhd and Triband Resources.  The authorized share capital of the joint venture company is Ringgit Malaysia Twenty Million (approximately $6.06 million).  The cost of Juta Ketara’s investment in the joint venture company is Ringgit Malaysia Two Hundred Thousand (approximately $1.81 million). The joint venture was established to build and operate a 10MW solar-wind hybrid energy farm on a 101 hectare site located in Selangor, Malaysia.

The assignment of the LOI to Triband Solar-Wind Power Sdn Bhd, has helped Juta Ketara to reduce its risks while having ownership in a renewable energy production company that has a strong demand for its production output.

Item 8.01    Other Events


On June 14, 2010, Secured Digital Applications, Inc.’s Malaysian subsidiary, Juta Ketara Sdn Bhd, entered into Joint Venture Agreement with Triband Resources, a Malaysian corporation to develop and construct a solar-wind hybrid energy farm on a 101 hectare site in Selangor, Malaysia.  Pending and subject to approval by the relevant regulatory authorities, the development and construction of the solar-wind farm is expected to commence in the fourth quarter of 2010 and completed in 2011.

The authorized share capital of the joint venture company will be Ringgit Malaysia Twenty Million (approximately US$6.06 million).  Under the Joint Venture Agreement, the shareholding structure ratio shall be 70:30 with 30% held by Juta Ketara.



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#1076 Xzibit 03/07/12 06:45:28 PM
#1075 Xzibit 03/07/12 06:42:17 PM
#1074 Xzibit 03/07/12 06:33:20 PM
#1073   hello up: rainbow898 07/28/11 08:35:03 AM
#1072   Hi rainbow up-down 07/27/11 10:51:43 PM
#1071   They should not have revoked this stock. IMO rainbow898 07/25/11 06:21:05 AM
#1070   crummy how this went down monda2frida 07/12/11 07:39:28 AM
#1069   looks like The SEC raped us SDGL shareholders. up-down 07/11/11 09:44:05 PM
#1068   09:32 SDGL Secured Digital Applications, Inc. Common Stock monda2frida 05/23/11 10:20:46 AM
#1067   SDGL Well some news would be nice. Xzibit 04/26/11 09:06:37 AM
#1066   Yep, Global Mobile Tech. Not Media Tech. My mistake. reaper247 04/24/11 07:15:01 PM
#1065   Reaper you indicated the asset sale was suppose john_new 04/24/11 06:43:51 PM
#1064   The timing of Vitty’s post regarding the conversation reaper247 04/24/11 02:33:26 AM
#1063   Why do you "think" they will comply by john_new 04/23/11 09:26:07 AM
#1062   I think they will comply before August. GLA. rainbow898 04/22/11 06:09:02 AM
#1061   Supposed this suspension may benefit the shareholders. hmm. rainbow898 04/20/11 07:19:01 AM
#1060   thanks Renee, looks like they went after the up-down 04/19/11 07:15:27 PM
#1059   Wow! need to be proven i guess~ Sam'd'Mil 04/07/11 01:25:14 PM
#1058   SDGL : SEC Suspension : Renee 04/05/11 09:36:22 AM
#1057   Yes you are right. I waiting for news vitty 04/01/11 05:08:42 PM
#1056   still holding until I need the off setting loss. up-down 04/01/11 11:54:52 AM
#1055   OK thanks! I will try again also. vitty 03/23/11 06:02:48 PM
#1054   Sent E-mail today, I'll let you know if wicked tomato 03/23/11 12:55:32 PM
#1053   Collins Stewart now owes someone a favor IMO reaper247 03/23/11 12:38:05 AM
#1052   hopefully something will materialize. up-down 03/22/11 10:49:13 PM
#1051   The trades may have been between MMs for john_new 03/22/11 08:41:18 PM
#1050   HI, someone needs cash but it's onli 1650$ vitty 03/22/11 06:21:49 PM
#1049   same type of trade yesterday for around 600,000...did john_new 03/22/11 02:59:18 PM
#1048   Someone just sold 620,000 @ .0028. More sells wicked tomato 03/22/11 01:58:28 PM
#1047   We need news from the company about their vitty 03/16/11 06:20:08 PM
#1046   Thank you, Vitty. rainbow898 03/16/11 01:05:48 PM
#1045   Hi Rainbow898! I have no news but vitty 03/12/11 04:30:52 PM
#1044   vitty: Any update from the company regarding the rainbow898 03/12/11 08:50:08 AM
#1043   The number of shares outstanding of the registrant's rainbow898 03/10/11 12:14:09 PM
#1042   Buy in weakness, sell in strength. swingtrader11 03/07/11 02:21:32 PM
#1041   Please see #1001 dated 12/13/2010 for Vitty's conversation with wicked tomato 03/06/11 02:00:25 PM
#1040   Take a look at Chee Hong Leong on wicked tomato 03/06/11 01:42:15 PM
#1039   Interesting Xzibit 03/05/11 08:59:47 PM
#1038   You're right. Interesting connection. Anyone else communicated with rainbow898 03/01/11 12:21:58 PM
#1037   Has anyone sent email to company? If you wicked tomato 02/24/11 12:29:10 PM
#1036   SDGL .004 Xzibit 02/11/11 08:01:19 PM
#1035   SDGL has been around for years. Some news Xzibit 02/11/11 07:56:09 PM
#1034   Several days ago when sdgl did over 2 john_new 02/10/11 12:49:09 PM
#1033   interesting volume today. up-down 02/07/11 10:07:01 PM
#1032   Yes Timm! nice to see you here. vitty 02/07/11 03:48:56 PM
#1031   Another view of the float on SDGL: john_new 02/07/11 03:22:10 PM
#1030   Took a starter here and posted your DD timmage 02/07/11 01:42:21 PM
#1029   Anyone have a clue why 2.5 million shares wicked tomato 02/07/11 01:35:24 PM
#1028   Take a look at GLMB.OB and all of wicked tomato 02/01/11 01:01:55 PM
#1027   Nice to see some back and forth today. up-down 01/31/11 09:39:41 PM