Friday, August 21, 2020 11:58:08 AM
The asset from the STNT stock deal is expected be reported on the 6/30 report that has been late-notified for September 25th. Here is the link that has all of the financial details that have been shared here since back in March.
https://www.otcmarkets.com/stock/STNT/news/Gold-River-Productions-Inc-GRPS-and-RushNet-Inc-RSHN-Announce-Sale-of-New-Earth-Development-Corporation-for-Stock-in-Ste?id=255788
Here is the signed agreement too while I'm at it.
https://www.grpsinc.com/wp-content/uploads/2020/03/spin-off.pdf
While I'm at it, here is the note in the STNT financials about the deal. If you search for New Earth in the PDF it comes up 20 times. Talks alot about it. Must be fake. https://backend.otcmarkets.com/otcapi/company/financial-report/250111/content
Acquisition of New Earth Development Corporation
On February 21, 2020, the Company entered into an Acquisition, Funding Agreement (the “Agreement”) with Gold
River Productions, Inc., a Colorado corporation and the parent corporation to its wholly owned subsidiary New Earth
Development Corporation (“NEDC”), an Illinois corporation, which in turn is the parent corporation to its wholly
owned subsidiary Hemp Armor Inc., RushNet Inc., a Colorado corporation, and Joshua Spooner, an Illinois resident
(see Note 5. Acquisition of New Earth Development Corporation).
Pursuant to the terms of the Agreement, the Company received all of the stock and other ownership of NEDC, which
makes both New Earth Development Corporation and its wholly owned subsidiary, Hemp Armor Inc, wholly owned
subsidiaries of the Company as of February 21, 2020. As consideration for all of the stock and ownership interests in
NEDC, the Company has agreed to (i) issue 2,500,000 shares of its common stock in exchange for all of the shares
and ownership interests of NEDC, (ii) provide five million dollars USD ($5,000,000) of funding to NEDC (the
“Funding”), and (iii) agrees that Joshua Spooner shall serve as the Chief Executive Officer of Hemp Armor Inc., with
Mr. Spooner managing Hemp Armor Inc. from his Illinois office.
Hemp Armor Inc. will use the Funding to build the first manufacturing facility to capitalize on the opportunity, and to
corner, the market of hemp bio-textiles and composites to significantly upgrade modern textiles, and to provide new
raw material resources for superior attire for the safety of the user, and in part to accommodate increasing demand for
textiles, and the creation of a renewable source of raw bio-textiles, for application in aerospace, automotive, law
enforcement, the Department of Defense, and to enable it to construct a 600 meter ballistic testing range. Hemp Armor
will also seek to produce primarily high strength woven design that will house the flexible ballistic material
formulations known as CarbonEra™, which will be manufactured pursuant to a licensing agreement with Nova
Graphene™.
Do I have the facts straight, bro?
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