Adamant DRI Processing and Minerals Group (ADMG)

[Potse]

ADMG(.13)...increased position......

I accumulated a fairly large position in the ADMG shell today in the 12-20 cent range (cost basis is a little over 17 cents). Reasonably nice share structure, basically clean from a debt standpoint, and not followed by many investors. Risk/reward looks pretty attractive to me around this 20-cent area.

I've been adding to my ADMG position over the last 3-4 weeks in the sub-4 to 13 cent range. My cost basis has dropped down to under 14.4 cents per share. Seems to be getting slightly more difficult to accumulate shares now after the change in control of the shell.

Extremely wild guess on my part: It would not surprise me at all if Larry Eastland uses the ADMG shell as a reverse merger or holding company for biotech/medical types of companies. One somewhat interesting/unusual thing I have noticed is that on August 23, 2021 Larry Eastland and Jacob Nguyen registered a Florida company called "Pinnaca Partners LLC". On September 4 a website for Pinnaca Partners was registered. The page source material for that website says it is involved in "Biotech and Life Sciences Advisory Services". The address for the company is in a Florida research/development park that is home for primarily bioscience/technology companies.

Jacob Nguyen is a longtime business associate/partner of Larry Eastland.

https://search.sunbiz.org/Inquiry/CorporationSearch/SearchResultDetail?inquirytype=EntityName&directionType=Initial&searchNameOrder=PINNACAPARTNERS%20L210003768180&aggregateId=flal-l21000376818-4243cc70-9203-40f2-9052-e904fab34b48&searchTerm=pinnaca&listNameOrder=PINNACALLTECHNOLOGIES%20L080000710080

http://pinnacapartners.com/

https://www.linkedin.com/in/jacobnguyen/