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Nice find
I keep reporting them but now that I think I can I will start deleting off topic posts.
Well I don't mind asking stupid questions so I sent him a email
How do you know? Might be a good question for Harry Pond?
Yup I think we got ourselves a flipper but it don't too many people are selling here
Is there a reason the price isn't updating on ihub?
Don't know if that is the hold up here though
I've seen companies hold off on prs due to the cost
looking good today
Yes I will try to update the ibox with the new info later today
According to the Facebook page its kind of popular
Twitter @Beautedemaman
looks like we got good reviews out there
Beaute de Maman Review - This Mama Loves Her BargainsThis Mama Loves Her Bargains
http://mamalovesherbargains.com/2011/05/beaute-de-maman-review/
Current report filing (8-K)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
June 29, 2012
(June 26, 2012)
BIOPACK ENVIRONMENTAL SOLUTIONS, INC.
(Exact name of registrant as specified in its charter)
Nevada
(State or other
jurisdiction of incorporation)
000-29981
(Commission
File Number)
91-2027724
(I.R.S. Employer
Identification No.)
10 Saugatuck Ave.
Westport CT 06880
(Address of principal executive offices) (zip code)
(203) 226-4449
(Registrant’s telephone number, including area code)
Unit 390, 3 rd Floor, Peninsula Center, 67 Mody Road
Tsim Sha Tsui East, Kowloon, Hong Kong
+852.3586.1383
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
. Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
. Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
. Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
. Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01
Entry into a Material Definitive Agreement.
On June 25, 2012, we entered into a License and Asset Purchase Option Agreement (the “Agreement”) with NorthStar Consumer Products, LLC, a Connecticut limited liability company (“NCP”), under which TriStar Consumer Products, Inc., our wholly-owned subsidiary, acquired the exclusive license to develop, market and sell, NCP’s Beaute de Maman product line, which is a line of skincare and other products specifically targeted for pregnant women. In addition, we acquired the exclusive license rights to develop, market and sell NCP’s formula being developed for itch suppression, which would be sold as an over-the-counter product, if successful. These licenses are for a period of up to one year, subject to earlier termination upon specified events. During the term of the license, the assets and business being licensed will be run by management of NCP pursuant to a consulting agreement. As a result of these license rights we are now responsible for developing, marketing and selling the “Beaute de Maman” products, as well as NCP’s anti-itch formula, including all expenses, contractual arrangements, etc., related to product development, manufacturing, marketing, selling, bottling and packaging, and shipping. We will also receive all revenue derived from sales of the products, other than the amounts owed to Dr. Michelle Brown, from whom NCP purchased the “Beaute de Maman” business and assets. Under the arrangement with Dr. Brown she is entitled to approximately seven percent (7%) of net revenue for all products sold under the Beaute de Maman brand name and derived from formulas transferred under the agreement with NCP for a 20 year period ending December 31, 2031. In exchange for these license rights we agreed to issue NCP 225,000 shares of our Series D Convertible Preferred Stock. This transaction closed on June 26, 2012.
Additionally, under the Agreement, we, through our wholly-owned subsidiary, have the option to purchase all the assets related to the “Beaute de Maman” products, as well as NCP’s anti-itch formula. In order to exercise this option we must: (i) we must be a fully reporting company under the Securities Exchange Act of 1934, as amended (the “’34 Act”), and be current in our reporting obligations under the ’34 Act; (ii) we must have written employment agreements in place with John Linderman and James Barickman; (iii) we must be in a position to support the marketing and other operational needs of the “Beaute de Maman” business, and to otherwise meet our financial obligations as they become due; (iv) we must have fully assumed the obligations with respect to a sale of the Beaute de Maman business; and (v) we shall not have any litigation or inquiry, investigation or proceeding (whether preliminary, formal or informal) by any governmental unit, agency or regulatory body (or SRO), or by any current or former stockholder or creditor, that is pending or overtly threatened against us or our subsidiary, including without limitation, no litigation, inquiry, investigation or proceeding with respect to our securities issuances and/or ’34 Act filings, or seeking to delist or remove us from the OTC Markets (Pink Sheets).
Our option is exclusive and remains open for a period (the “Option Period”) of the shorter of (i) six (6) months after the above five conditions are satisfied, or (ii) the remaining Term of the License. Upon expiration of the Option Period, the option automatically and irrevocably expires and is of no further force and effect. If we validly exercise the option to purchase the business and assets, we will issue NCP 750,000 shares of our Series D Convertible Preferred Stock as consideration for such purchase.
Additionally, under the Agreement, in connection with our license rights and to ensure we can fulfill any immediate orders timely, we purchased all existing finished product of the Beaute de Maman product line currently owned by NCP. In exchange for the inventory we agreed to issue NCP 25,000 shares of our Series D Convertible Preferred Stock.
On June 29, 2012, we entered into a Stock Purchase Agreement with Rockland Group, LLC, an entity owned and controlled by Harry Pond, one of our officers and directors (the “Stock Purchase Agreement”). Under the Stock Purchase Agreement, Rockland Group agreed to purchase 1,540,000 shares of our Series D Convertible Preferred Stock in exchange for $308,000. To date, Rockland Group has paid $141,000 of this amount and plans to pay the remaining balance on or before July 20, 2012.
Item 3.02
Unregistered Sales of Equity Securities
Under the Agreement we agreed to issue 250,000 shares of our Series D Convertible Preferred Stock to NCP. Those shares were issued on or about June 29, 2012. All the shares were issued with a restrictive legend in accordance with Rule 144. We relied upon Section 4(2) of the Securities Act of 1933, as amended for the above issuance.
Under the Stock Purchase Agreement, we agreed to issue 1,540,000 shares of Series D Convertible Preferred Stock to Rockland Group, LLC, an entity owned and controlled by Harry Pond, one of our officers and directors. The shares were issued on or about June 29, 2012. All the shares were issued with a restrictive legend in accordance with Rule 144. We relied upon Section 4(2) of the Securities Act of 1933, as amended for the above issuance.
Item 9.01
Financial Statements and Exhibits
Exhibits
10.1
License and Asset Option Purchase Agreement with NorthStar Consumer Products, LLC dated June 25, 2012
10.2
Agreement for the Purchase of Preferred Stock with Rockland Group, LLC dated June 29, 2012
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: June 29, 2012
Biopack Environmental Solutions, Inc.
a Nevada corporation
/s/ Harry Pond
By: Harry Pond
Its: Chief Executive Officer
A few more boardmarks
LET'S GO $BPAC
I usually see pretty good trading on Fridays maybe some other group will alert this
Elite Pennies
Promo group alert and news today
lol good luck
I dud some searching but I got nothing. My guess is news is due within about a month.
Actually catfish poboys
crawfish poboys my favorite
Maybe French Dip has a point
looks like someone needed some walking around money
Nobody knows IMO
News
Sweetwater Resources Announces New Director
Sweetwater Resources Inc. (the "Company" or "Sweetwater") (OTCBB: SWTR) (OTCQB: SWTR) is proud to announce that Mr. Arthur Akeroyd has joined the Board of Directors.
Mr. Akeroyd comes to Sweetwater with a formal education as an Electrical Engineer from London City University. His professional career is punctuated by his demonstrated multidisciplinary capabilities as he soon became a Development Engineer for Hawker Siddeley Aviation. Here Mr. Akeroyd introduced air squadrons from The United States, The United Kingdom, and The Federal Republic of Germany through flight trials of the new and complex systems installed on board the Vertical Take-off and Landing aircraft known as the Kestrel/Harrier as well as the P1154 supersonic VTOL fighter. As a Flight Test Engineer for Lockheed, in Marietta, Georgia in The U.S., Mr. Akeroyd was also in charge of guiding technical personnel of various rank and station and from several nations including the United States Air Force, The Royal Air Force of The United Kingdom and bringing such vessels as the C-130K, the C-141, and the very large air transport, the C-5A through new development programs often lasting five years. His work with the U.S. Navy's Tacoma system was critical to fleet communications allowing contact with submerged submarines. Straight from that project he was critically assigned to the U.S. Army's Proving Grounds at Yuma for helicopter gunship trials.
Arriving shortly thereafter at Emerson Electric, in St. Louis, Missouri, he was tasked with not only seeking and obtaining new business opportunities in the aerospace and communications industries but also with review of system performance analyses of existing technologies. His work included anticipating future applications for said technologies while facing dwindling or restricted purchasing budgets universally and managing internal costs.
Mr. Akeroyd is often consulted by the United States Air Force, the U.S. Army, and government agencies and industrial giants including Boeing and North American Aviation. He has served as Marketing Manager at Bendix Aerospace generating new business for divisions in The United Kingdom and Europe whose product range includes guidance and flight control systems, chemical and environmental systems, biological, meteorological, and army communication systems.
Mr. Alvin Snaper, President of Sweetwater Resources, said, "We welcome Mr. Akeroyd most warmly and anticipate that his varied talents and multidisciplinary skills will help make Sweetwater a better company in so many ways."
About Sweetwater Resources Ltd. Sweetwater has acquired 100% of Centaurus Diamond Technologies Inc. Centaurus has been established to fully commercialize its proprietary, cost-efficient and high-volume diamond production method to provide industrial quality diamonds. The Company's patented technology enables the production of "cultured" diamonds that are chemically, atomically, and structurally identical to natural diamonds. The gemological Institute of America has tested the Company's "cultured" diamonds and has confirmed they are diamonds according to their testing protocols.
On behalf of the Board of Directors, Mr. Alvin Snaper, President
For further information, please contact: American Capital Ventures Tel: 1-305-918-7000
I wonder if they are aware. They said they were open to suggestions.
I'm going to look into what I can add. If you have suggestions let me know or add yourself as a mod
haha I prefer lime
lol I'm new to this one where is the Koolaid?
Noticed this on barchart
In order to properly form an accurate opinion, the equity or commodity has to have more than 6 months of trading activity.
Glad this held up today
pr out
/ CORRECTION -Sweetwater Resources Inc.
In the news release, "Sweetwater Resources Announces New Directors," issued Tuesday, June 19, 2012 by Sweetwater Resources Inc. (OTCBB: SWTR) (OTCQB: SWTR),we are advised by the company that only Mr. Wayne Prentice has joined the Board of Directors and that Mr. Bryan Kerrison has not, as originally issued. Complete corrected text follows.
Sweetwater Resources Announces New Director
LAS VEGAS, NV -- June 19, 2012 -- Sweetwater Resources Inc. (the "Company" or "Sweetwater") (OTCBB: SWTR) (OTCQB: SWTR) is proud to announce that Mr. Wayne Prentice has joined the Board of Directors. Mr. Wayne Prentice has over 20 years of direct experience in gemology having worked as a broker of one-of-a-kind gems, as a wholesale gemstone dealer and as a gem cutter. He is a qualified gem cutter with expertise in precision faceting of colored gemstones (Cutting Edge Award winner), diamond analysis for re-cutting and manufacturing rough diamonds. He continues to act as a gemological consultant, providing services for both commercial and private clientele and his corporate clients which have included Troy Diamond Report?, an international diamond report and pricing guide which debuted in September 2007, http://www.troydiamondreport.com.
Mr. Prentice holds an undergraduate degree in Business Economics from the University of California, Santa Barbara, and is a graduate of the Gemological Institute of America, where he earned a Graduate Gemologist degree.
Mr. Snaper, President of Sweetwater Resources, states, "Mr. Prentice brings a wealth of experience to the Company. His years of expertise in the diamond industry coupled with his strong industry relationships will be an incredible asset to the Company as it rolls out its business plan."
About Sweetwater Resources Inc.
Sweetwater has acquired certain assets to fully commercialize a proprietary, cost-efficient and high-volume diamond production method to provide industrial quality diamonds. The Company's patented technology enables the production of "cultured" diamonds that are chemically, atomically, and structurally identical to natural diamonds. The Gemological Institute of America has tested the Company's "cultured" diamonds and has confirmed they are diamonds according to their testing protocols.
Notice Regarding Forward-Looking Statements This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new technology and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
On behalf of the Board of Directors, Mr. Alvin Snaper, President
For further information, please contact: American Capital Ventures Tel: 1-305-918-7000
I added myself as a mod I'm note familiar with the role but I figure there should be at least one. If someone wants to assist go for it.
ok I'm not familiar with the board I just noticed them talking about it the other day.
$BPAC up 35% another green day