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Last Post: 5/29/2020 4:24:06 PM - Followers: 10 - Board type: Free - Posts Today: 0

  
ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

 

Global Air Cylinder Wheel, LLC

 

On December 1, 2017, Sibannac, Inc., a Nevada corporation ( “Company” ) and Global Air Cylinder Wheel, LLC, an Arizona Limited Liability Company (“GACW”), entered into a Letter of Intent (the “LOI”) wherein the Company will acquire a one-third interest of GACW, subject to the terms of a definitive agreement currently being negotiated between the parties. The parties are conducting due diligence with an anticipated closing date of January 15, 2018.

 

GACW, through its managing member, Dr. Zoltan Kemedy, Ph.D, has developed and patented an Air Suspension Wheel, which replaces the need for conventional air-filled tires in vehicles in the mining, forestry, agriculture and construction industries, in addition to numerous military applications ( US Pat. 9,399,370).

 

The Air Cylinder Wheel contains an internal system of shock absorbing cylinders which provide the suspension normally provided by conventional air-filled tires. Due to harsh conditions in mining and similar industries, air-filled rubber tires may last only 6-8 months and large tires can cost the operator $100,000 each. The Air Cylinder Wheel has a life expectancy of 20 years and can reduce the overall cost of rubber tires by as much as 80%.

 

In addition to dramatic direct cost savings, the Air Cylinder Wheel reduces shipping and storage costs, as well as almost eliminating downtime. The Wheel also eliminates the cost of disposal, whether by burning or in on-site landfills, and as the Wheel is 100% recyclable after a 20 year life expectancy, it does not have any negative environmental impact.

 

The Air Cylinder Wheel has been demonstrated to more than twenty mining companies in South Africa over the last two months and sales agreements are being pursued currently. The Company intends on manufacturing and outfitting a series of vehicles with the Air Cylinder Wheel for demonstration and sales located in the United States. Manufacturing agreements are in place to fabricate the Air Cylinder Wheel with leading companies in the industry and the internal cylinders are also sourced from leading manufacturers. As a result, there is no need to establish any manufacturing capabilities and orders can be fulfilled between 30 and 60 days, depending on wheel size, which can be up to 13 feet in diameter.






                                 
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SNNC News: Current Report Filing (8-k) 05/19/2020 08:30:48 AM
SNNC News: Amended Annual Report (10-k/a) 02/04/2019 12:06:32 PM
SNNC News: Current Report Filing (8-k) 12/15/2017 02:36:33 PM
SNNC News: Quarterly Report (10-q) 12/11/2017 08:20:52 AM
SNNC News: Current Report Filing (8-k) 12/04/2017 05:07:07 PM
PostSubject
#123   Didn’t get much volume out there this week...but Ricosauve 05/29/20 04:24:06 PM
#122   Nice consolidation...no reason we can’t hit .20 again Ricosauve 05/26/20 05:31:51 PM
#121   Hardly any selling today....nice....people are holding....next big update/news/8 Ricosauve 05/21/20 08:53:29 PM
#120   Don’t worry...I’m not marrying this stock...I’m just dating Ricosauve 05/21/20 07:49:15 AM
#119   You need to read the history of David I-Glow 05/20/20 03:19:11 PM
#118   No...I looked at 8k saying that the target Ricosauve 05/20/20 03:19:05 PM
#117   Staudohar isn't a Billionaire - he is another I-Glow 05/20/20 03:11:36 PM
#116   Did you contact Apricot Power to verify the 8-K? IG I-Glow 05/20/20 02:44:32 PM
#115   That isn't how MMs work! MMs do not "short" I-Glow 05/20/20 02:31:34 PM
#114   Selling stopped at 2:30 yesterday....there’s no way this Ricosauve 05/20/20 08:36:19 AM
#113   Mini pump and dump. Pretty worthless knowing Mersky's history. agribusiness72 05/19/20 11:52:22 AM
#112   I love the Non-binding MOU and absolutely zero I-Glow 05/19/20 11:48:17 AM
#111   Shook on like 2 whacks , needs eyes StockStarGucci 05/19/20 11:41:45 AM
#110   Can’t seem to get any legs here yet.... Ricosauve 05/19/20 11:41:06 AM
#109   Yeah...true float lock candidate Ricosauve 05/19/20 10:49:53 AM
#108   Filled more just needs eyes on it StockStarGucci 05/19/20 10:49:22 AM
#107   Some fool just market sold 15k shares into Ricosauve 05/19/20 10:44:06 AM
#106   James D. Staudohar was hired to close the funnyG986 05/19/20 10:38:03 AM
#105   That’s my best guess anyway... Ricosauve 05/19/20 10:11:13 AM
#104   This post!! Huge StockStarGucci 05/19/20 10:06:34 AM
#103   Ask thinning out big time.... Ricosauve 05/19/20 10:03:49 AM
#102   Possibly “Apricot Power” out of California....read my post Ricosauve 05/19/20 10:02:58 AM
#101   Anyone found the merger company ? SNNC funnyG986 05/19/20 10:01:34 AM
#100   Huge 8k out this moves on air when StockStarGucci 05/19/20 09:50:26 AM
#99   doing more DD here. going to be very funnyG986 05/19/20 09:49:59 AM
#98   Tradeable float is only 1ml ! This Ricosauve 05/19/20 09:48:09 AM
#97   SNNC 0.13, 8K out; billionaire in as new funnyG986 05/19/20 09:34:50 AM
#96   The filing mentions a 20yr old Apricot co....I Ricosauve 05/19/20 09:19:38 AM
#95   I will say releasing an 8k is way Ricosauve 05/19/20 09:12:18 AM
#94   Mersky is shady....but if he makes me money, Ricosauve 05/19/20 08:56:23 AM
#93   That's funny. Look at what Mersky did to agribusiness72 05/19/20 08:55:15 AM
#92   SEC filing out...not a bullshit PR REverse Merger in Ricosauve 05/19/20 08:44:17 AM
#91   Think again... https://www.sec.gov/Archives/edgar/data/1313938/000168316820001 Ricosauve 05/19/20 08:42:14 AM
#90   Tic,toc,tic,toc skipsvalue 05/19/20 07:45:49 AM
#89   MM trying to keep this back....but he keeps Ricosauve 05/18/20 04:18:41 PM
#88   Something is up. This shell might have a PennyStalker01 05/16/20 11:45:34 PM
#87   Somethings up....somebody bought about 10% of the float Ricosauve 05/16/20 09:09:12 PM
#86   bs scam agribusiness72 05/16/20 08:37:48 PM
#85   This should easily double next week at this Ricosauve 05/15/20 06:58:12 PM
#84   Highest close in 2 years....something’s in the hopper Ricosauve 05/14/20 07:17:18 PM
#83   It’s waking up.... Ricosauve 05/13/20 04:14:16 PM
#82   Wakey Wakey, its time to file and become bnt4eva1031 02/13/20 11:16:35 AM
#81   I guess they never closed on January 15, TenKay 01/23/18 06:01:30 PM
#80   This is pretty funny. He submits an agribusiness72 12/17/17 10:00:13 AM
#79   I wonder if Mersky will provide an 8K, agribusiness72 12/13/17 06:25:32 PM
#78   Deal terminated by BVTK: See their 8K agribusiness72 12/13/17 05:33:14 PM
#77   Damn, I have never seen a 30% discount I-Glow 12/11/17 01:38:23 PM
#76   Here we go Mersky and a 10Q "thru agribusiness72 12/11/17 10:35:39 AM
#75   Read the DD about Mersky before getting involved I-Glow 12/09/17 09:26:05 PM
#74   Just going by the company’s own disclosures. TenKay 12/06/17 11:11:53 AM
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