DASWANI PAID $16.5k FOR 58% OF THE COMPANY
That amounted to 35 million shares. That means that the total value O/S would was worth about $30,000, at the time. A mere four months later, he sells 1.3 million shares into the float for $400,000. That doesn't pass the sniff test.
Moreover, DASWANI never filed an 8K for this supposed business deal with Vitol back in July. All there is is some British P/R.
For a reporting company that hasn't earned a penny, a business contract with a huge company is clearly a material event.
THERE'S NO EXCUSE FOR NOT FILING AN 8K UNLESS THIS COMPANY HAS SOMETHING TO HIDE!
