TheTriangle

[Magnum7419]

$LIBE has a terrible past of failing to follow thru :

but I think its worth watching to the end of Aug and see what happens IMHO

$LIBE is doing a RM with a company that is rumored to generate 19 million


"On August 5, 2019, the Company entered into a non-binding indication of interest and term sheet with respect to a transaction whereby, as set forth below, Liberated Solutions, Inc., a Nevada corporation (“Liberated”), Greenfield Farms Food, Inc., a Nevada corporation (“Greenfield”) and NGEN Technologies USA Corp, a Texas corporation and currently a wholly owned subsidiary of Greenfield (“NGEN”) will undertake a transaction to combine the operations of NGEN and Liberated. Liberated, Greenfield and NGEN may be referred to herein collectively as the “Parties” and each individually as a “Party.” The Parties acknowledge and agree that the structure of the transactions contemplated herein may be modified by the Parties prior to the closing.



STRUCTURE.



Greenfield and NGEN shall unwind the NGEN-Greenfield Transaction, such that each of Greenfield and NGEN are once again independent entities, and Clifford Rhee and Edward Carter will be the majority shareholders of NGEN (the “NGEN Shareholders”).



Liberated and the NGEN Shareholders shall thereafter undertake a share exchange agreement, pursuant to which the NGEN Shareholders shall exchange 100% of the equity interests in NGEN, which shall be transferred to Liberated, in exchange for the issuance to the NGEN Shareholders all shares of Series A Preferred Stock of Liberated (the “Share Exchange”).



Notwithstanding the above, the Parties acknowledge and agree that the structure of the transactions contemplated herein may be modified by the Parties prior to the closing, as determined by the Parties."





CEO JUST ANSWERED A FB QUESTION !!

"I know it was almost beyond reason, but I had to show we were a clean company considering so many LoIs that fell apart and to attract bigger, more revenue bearing companies. From the patented technologies, the partners and clients, and equally important- the size of the orders and contracts I’ve been privy to, I’m confident they were worth the wait."

https://www.facebook.com/search/top/?q=liberated%20energy%2C%20inc.%2C%20stock%20symbol%3A%20libe&epa=SEARCH_BOX




https://www.otcmarkets.com/filing/html?id=12481987&guid=cbQIUKpyTA6ivZh


Greenfield Farms Food, Inc. Announces Signing of Asset Purchase Agreement

Company acquires assets that generated $19 million of sales in 2017


DALLAS, TX / ACCESSWIRE / January 18, 2018 / Greenfield Farms Food, Inc. ("GRAS" or the "Company") (OTC PINK: GRAS) today announced that on January 16, 2018, it closed an Asset Purchase Agreement and has acquired certain assets of Ngen Technologies USA Corp. (“NUSA”) and NUSA’s wholly owned subsidiary, Ngen Technologies Korea, LTD (“NKOR”). NKOR is in the business of research, design and manufacturing of proprietary 3D mobile display module for the smartphone and other telecom OEM’s. The 3D module once installed during the MCD or OLED manufacturing stage, allows the display of 3D content without the use of 3D glasses (the “NKOR Business”). NUSA and NKOR are entities controlled by our officers and directors.

The assets acquired as of the closing date of the Asset Purchase Agreement include the proprietary technology, manufacturing know-how, purchase orders, contracts, inventory, accounts receivable and fixed assets related to the NKOR Business, which generated approximately $19 million (unaudited) in revenues in 2017. To acquire the assets, GRAS issued a $7 million promissory note with a balloon payment due on January 16, 2022. The Note carries a 5% per annum interest rate, with interest payments due quarterly.

Dr. Jason Koo, CEO stated, “I am very excited to have acquired the mobile 3D technology business that Ngen has developed. The technology is well poised to capture opportunities in the mobile gaming, movie streaming and other consumer applications.” The acquisition of these assets brings immediate revenue into GRAS and combined with our unique automotive technology business, we anticipate significant revenue growth and profitability.”