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Security SNNC / Sibannac, Inc.
Form Type 8-K
File Date 2020-06-29
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, 2020
SIBANNAC, INC.
(Exact name of registrant as specified in its charter)
Nevada 333-122009 33-0903494
(State or other jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification Number)
9535 E Doubletree Ranch Road, Ste 120
Scottsdale, AZ 85258
Tel. (480) 407-6445
(Address and Telephone Number of Principal Executive Offices)
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))
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act:
Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, $0.001 par value N/A N/A
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b 2 of this chapter). Emerging growth company ?
If any emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ?
SIBANNAC, INC.
Form 8-K
Current Report
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
The Company will be entering into an Asset Purchase Agreement with NOHO, Inc., a Wyoming corporation (OTC Pink: DRNK), for the sale of NOHO’s intellectual property.
The Boards of Directors of both firms are finalizing the assets to be conveyed and the terms of the sale. Notably, Sibannac intends to use the NOHO brand and its viable social media platforms and followers to launch new formulations and delivery methods of hangover products in combination with CBD (Cannabidiol). The products will be manufactured and distributed from Sibannac’s new facility in Scottsdale, Arizona.
The proposed transactions will be structured in the following steps. First, Sibannac will create a privately held specific purpose acquisition company to be funded by newly registered Sibannac securities, consisting of units of common stock and warrants. The companies will then enter into an asset purchase agreement using the newly issued securities as consideration to NOHO. NOHO will then enter into a share exchange or buyback agreement, effecting the exchange of Sibannac securities for NOHO stock held by NOHO shareholders.
The transaction as contemplated will result in the exchange of free trading NOHO shares for free trading Sibannac shares. The exchange rate and share price is being negotiated at this time. The transaction is subject to accounting and audit review as well as regulatory approval.
The parties intend to complete the transaction in the Fall of 2020. NOHO shareholders will be advised within sixty (60) days of the closing of the effective date for the shareholders of record to participate in the exchange.
ITEM 8.01 OTHER EVENTS
The following shall constitute an update on the previously announced entry into a material agreement. The target acquisition is for a controlling interest in Richardson Nutritional Center (RNC), a California based Apricot seed marketing and sales firm founded by John Richardson, Jr., son of renowned physician, John A. Richardson, M.D. See, Laetrile Case Histories: The Richardson Cancer Clinic Experience, July 2005. The main compound found in Apricot seed kernels is B17, which is found in citrus fruits as well. Laetrile is concentrated B17. Until such time as clinical trials and other medical support involving B17 establish its benefits, the Company will not market products with any medicinal or drug claims.
Mr. Richardson, Jr. has been in the business of processing, formulating and selling Apricot seed-based products for more than 20 years. Apricot seeds are primarily grown in northern California, which produces approximately 85% of the entire domestic U.S. output. Through the proposed acquisition, Sibannac would assume the offtake contracts for the entirety of the annual harvests. Sibannac can treat the raw seeds with CBD, offering a natural food product as a hybrid as it is currently marketed or as a stand-alone product. While there is potential synergy with CBD in formulations such as capsules, the strength of this acquisition results from Sibannac’s ability to grow its footprint in the natural health space, independent of CBD and the uncertainty of the future regulatory framework surrounding it. Foremost, however, is that Sibannac will control the U.S. Apricot seed market and intends to use this to the company’s advantage to set it apart in the evolving competitive landscape. Mr. Richardson is well known throughout the country in the alternative health space for his long history and work in the Apricot kernel marketplace. He was interviewed by BuzzFeed News as a recognized authority on B17 and is a frequent lecturer on the topic throughout the United States.
In anticipation of the closing of the acquisition, the RNC personnel have relocated from California to Arizona, and all operations, including sales and distribution are being conducted out of Sibannac’s facility in Scottsdale.
2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SIBANNAC, INC.
Date: June 29, 2020 By: /s/ David Mersky
David Mersky
Chief Executive Officer
I'M talking shit but as soon as they go current, I PROBABLY wont bitch just take my bumps and i told you so and buy in!!!
yeah right !!!show receipt picture of delivery for all to see!!!!
VPER on chopping block!!! Company terminated their state business license awhile back and havent filed since 2005!! For them to become current they have to file from 2005 till now!!! AND ACTUALLY be a business!!Web site is bs, try to order and they say try to put any card number in (4242424242424) bs,to try to see if it works????? Tell me if you have done that before on any site¿¿???? check the SEC EDGAR site to see if they have filed???
NY,DJ, FACTS, those guys been the front runners on DD
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HQA HANOI
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CONTACT
HOANG QUAN GROUP RECEIVED USD 200 MILLION OF INVESTMENT FROM PHILUX CAPITAL ADVISORS (USA).
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Hoang Quan Group received USD 200 million of investment from PHILUX Capital Advisors (USA).
July 23, 2020 HQA Hanoi News
On July 14, in New York (USA), PHILUX Capital Advisors, Inc. signed a Memorandum of Understanding with Hoang Quan Group (Ticker: HQC) based in Vietnam specializing in finance, valuation , real estate and education, for comprehensive cooperation in the fields of sponsorship. capital, real estate and other investment opportunities in Vietnam.
According to the MoU, PHILUX Capital will invest up to USD 200 million (equivalent to VND 4,600 billion) to support many social housing projects and other real estate development programs including industrial parks, port and tourist area that Hoang Quan Group is currently implementing and developing. In addition, PHILUX Capital will advise and support Hoang Quan Group on its comprehensive restructuring to access international capital markets and list stocks on major foreign stock exchanges such as the US.
valuation of Hanoi Imperial Army, Hoang Quan Group, cooperation record
Dr. Truong Quang Tuan - Chairman of Hoang Quan Group signed a memorandum of understanding with PHILUX Capital
Hoang Quan Group is one of the large and reputable private groups in Vietnam. With 30 member companies, Hoang Quan forms an affiliate business chain from investment, legal, design, construction, valuation to marketing, product distribution and project management, and building management.
Having the core advantage of the Real Estate - Education - Finance industries, with passion and steadfast goal towards the goal, Hoang Quan Group becomes the leading Investor - Real Estate Development in Vietnam with diversified product portfolio, especially real estate in industrial zones , social housing, affordable commercial housing ...
For PHILUX Capital Advisors, which was established in 2004, after 16 years of development, the Company has engaged in mergers and acquisitions, management consulting, corporate finance, corporate restructuring and translation. consulting services. Currently, PHILUX Capital Advisors acts as an Investment Advisor for PHILUX Global Funds SCA, SICAV-RAIF - a Luxembourg-based banking fund with many sub-funds (subfunds).
Dr. Truong Anh Tuan, Chairman of Hoang Quan Group commented: “Cooperating with PHILUX Capital Advisors with strong international strengths and international experience in restructuring, M&A in leading international financial and securities markets. . Hoang Quan Group is very fortunate to be restructured as a "re-startup", in order to ensure the resources and conditions for its mission to develop real estate in Vietnam and to reach overseas ... "
Mr. Henry Fahman, President of PHILUX Capital Advisors, said: We are very pleased to be associated with Hoang Quan Group and its visionary leaders. We look forward to leveraging the combined experience and expertise of both sides to serve the needs of the social housing program in Vietnam and embark on other investment opportunities such as property valuations, finance to create meaningful economic value for both the company and its shareholders and other stakeholders.
(Source: https://www.sggp.org.vn)
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FROM .07 TO .0183???? BETTER READ THE BS AND LEAVE WHILE YOU CAN!!!!
tried to warn a couple of investors on other tickers and the like , we going current next week but havent filed in over 13+ years!!!
Then all is well!!! As soon as they are current I'm back in but until,no!!
THAT THEY DID , JUST BE CAREFUL INVESTORS
TELL THAT TO THE REST OF RHE TICKERS SUSPENDED!!!! THATS IT FOR ME ,IF HE CAN PUT OUT AN 8K COOL!!! BUT TWEETING ISNT ENOUGH!!!GLTA
NO 8K,10K,10Q, THEY WILL BE SUSPENEDED!!! I LIKE THE IDEA OF THE COMPANY BUT NO REPORTING IS A NO NO!!!! AND I USED TO HAVE VPER BUT THE SEC ARENT TAKING TO PRISONERS!!! JUST BE CAREFUL AND WISE CAUSE THEY DONT CARE
NO 8K,10K,10Q, THEY WILL BE SUSPENEDED!!! I LIKE THE IDEA OF THE COMPANY BUT NO REPORTING IS A NO NO!!!! AND I USED TO HAVE VPER BUT THE SEC ARENT TAKING TO PRISONERS!!! JUST BE CAREFUL AND WISE CAUSE THEY DONT CARE
SEC JUST GOT ABVG,UGNS,PDPR, VPER HAVENT FILED SINCE 2005 (VPER ) AND THEY ARE NEXT!!!!!!
its what we make it !! the companies are going to merge and as of now SNNC IS .18!! With new product and cannabis involved who knows the limit if we buy and hold!!!!!!!
weak hands please leave
I COULD BE WRONG BUT THATS WHAT IM SEEING
PHIIK IS PHI INC, THE TRANSPORTATION HELICOPTER COMPANY IN LA, THEY HAVE NO TICKER!!!!
WELL THE PHIG SUPPOSE TO BE ORIGINAL SHARE PRICE ,THE PHIGW IS THE WARRANT PRICE FOR WHAT IS THE BIG MYSTERY!!!! ALL I KNOW ITS APART OF PHIL AND IM ALL IN!!!!
All I know is this..... We got tickers running at .02 aka (VPER) that hasn't put out ant type of filings since 2005 and IMO is less of a valued ticker than Phil! Did anyone notice when he filed the last 8k the tickers(PHIG) LISTED AT 13.00 AND (PHIGW) LISTED AT 12.01 were added! All up under the same CIK number!!!This wasn't added until the 10q and 8k filings of late 2020.FACTS,DJ, AND ALL THE LONGS, hopefully my info is a window to whats to come!!! NOW LETS PUSH THIS BIHH UP AND BEYOND!!!
Hope you have all the luck dude you still apart of the drnk crew
dude late on dd he just getting started!!!! FACTSMATTERS!!!!!!!!!!
BINGO
YEAH!!! THE ONLY DUMBASS TO SEE THAT IS YOU!!PLEASE , EVERTHING DUMP OWN WILL CRUMBLE!! TRUMP IS TRASH
go somewhere else with that trump shit!!! pretty sure you can go suck him off if it makes you feel better!!! now fuck off NICKEL AND DIMES