![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Friday, August 14, 2009 2:29:24 PM
We have two subsidiaries Pacific Entertainment, Inc. and as of our most recent acquisitions on December 10, 2008 Buffalo Biodesiel, Inc. which are wholly owned subsidiaries of the HydroGenetics, Inc.
Recent Acquisitions
On December 10, 2008, HydroGenetics, Inc.(HYGN) purchased Buffalo Biodiesel, Inc.(BBD) to make it a wholly owned subsidiary of HYGN. The acquisition was for a trade of stock, 200 shares of BBD common shares for 5,736,196 shares of HYGN. It also includes a purchase of 101 preferred shares at 175,000 per share over 24 months . The Company will provide a working capitol al line or credit up to $3,000,000 in exchange of the preferred shares.
That is $17,675,000 they have to pay over 24 months. They could just do the $3,000,000 line of credit but how are they going to get that when it is more than what there market cap is?
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6314451
This is all important information to know. Why would the leave this information out?
FEATURED Cannabix Technologies and Omega Laboratories Inc. Provide Positive Developments on Marijuana Breathalyzer Testing • Jul 11, 2024 8:21 AM
ECGI Holdings Enhances Board with Artificial Intelligence (AI) Expert Ahead of Allon Apparel Launch • ECGI • Jul 10, 2024 8:30 AM
Avant Technologies to Meet Unmet Needs in AI Industry While Addressing Sustainability Concerns • AVAI • Jul 10, 2024 8:00 AM
Panther Minerals Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • PURR • Jul 9, 2024 9:00 AM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM