Sunridge International, Inc. (SNDZ)

[Hanibal]

Thoughts on SNDZ? Seems like a clean shell with no debt?
Assets sold off in 2012. Volume is intriguing...


On April 10, 2012, Sunridge International, Inc. (the “Company”) entered into an Asset Purchase Agreement (the Agreement”) with Westhouse Medical Services, PLC (“Westhouse”) whereby the Company will sell all of the Company’s patents, products, and contracts as described in the Agreement for $2,000,000, in the aggregate. Westhouse will provide $1,000,000 in bank certified funds upon closing and $1,000,000 in Westhouse corporate bonds that mature three years from the date of issuance with an annual interest coupon of 7% attached to the bonds payable annually. As a part of the Agreement, the Company shall retain the exclusive right to distribute the Company products in Canada. Once the closing is completed, Sunridge will pay off existing debt as well as get current with it SEC filings, and then move forward with opening the first glaucoma treatment center in Canada. With the funds in place, Sunridge has the ability to implement its business plan and become a profitable company.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8547802