CBD Denver Inc (CBDD)

[exec_7777]

So Klok sold the Ghana mining rights to himself, as president of Mateo, in addition to receiving 100,000 shares of the Genesis common stock for each issued and outstanding share of Mateo common stock (a private company he is president of).

Additionally, assuming as president of Mateo, he is one of the preferred shareholders, Mr. Klok will receive at closing of the Merger ("Closing") a collective share of $400,000.

In return for this HMIT shareholders will get 1/10th of an asset they previously held 100% of.

This is in no way a good deal for shareholders of HMIT.