CannAwake Corporation (fka CANX)

[KickolasNage]

History is Repeating Itself

"One idea that our legal staff had was to buy a fully reporting public company," Jacobs said. "Once you merge into (the fully reporting company), no one can unmerge you."

SunnComm found its patsy in Fan Energy. This firm's past goes back to the 1920s, when it started operations as an oil and gas exploration concern. The company stumbled along all the way until 2001 when it sold off all of its oil and gas assets for a mere $75,777 and acquired of all things a 3.5 inch floppy disk manufacturing firm.

"It is without doubt that Fan Energy (now Quiet Tiger) had no serious business plan to manufacture floppy disks and the equipment was acquired for no other reason than to place an asset in their balance sheet that they could use to bolster the value of the company by misrepresenting its true value," the complaint states. "Additionally, SunnComm fortified the deception by stating they were committing to using 50 percent of the capacity and in turn caused its own shareholders to be deceived in regards to the true intrinsic value of the shares they were to receive as a property dividend."

In various filings, the company suggests that it could be a major player in a multi-billion dollar market and churn out as many as 6m disks per month. Given that the company never actually produced a single disk and that it admits at times to having no employees, it seems the investors have a point about Fan Energy not being a serious floppy disk contender.

"In a deal best described as unorthodox, Fan Energy agreed to acquire SunnComm's Project 1000 DRM technology for 23.8m shares of its stock. As it turns out, that gave Project 1000 - then a SunnComm subsidiary - the majority ownership (53 percent) of Fan Energy - the very company meant to be acquiring Project 1000. At this point, Fan Energy changes its name to Quiet Tiger and enters the DRM market.

Jesus, this is word for word exactly what is going on with Delta International. Just replace floppy disks with marijuana/Nipton.

http://www.theregister.co.uk/Print/2004/09/27/sunncomm_death_or_glorry/

Seriously.

This is an amazing article, it's like reading a playbook for the future of American Green and Delta International, because they are doing the exact same thing again! History is certainly repeating itself with this scam!