1) Adama Technologies Corp. (“Adama Technologies” or the “Company”) is a Delaware corporation in the development stage and has not commenced operations.
2) The business plan of the Company is to develop a commercial application of the design in a patent pending of a “Security system for mobile vehicles, trucks and shipping containers”, which is a device intended to provide security for mobile entities. (I do not see this in the Ibox info)
3) On October 27, 2008, the Company entered into an Exclusive Brownfield License Agreement with Solucorp Industries Ltd......... Solucorp granted the Company an exclusive worldwide license of its MBS Process, for remediating Brownfield and Redevelopment Sites, with the exception of North America, Central America, South America, Russia and China.
So why does it show in the iBox news about US Brownfield cleanups when ADAC had nothing to do with it.AND NEVER WILL WORK IN THE US
4) On January 1, 2011, the Company entered into an agreement with an unrelated third-party consultant. As payment for the consultant’s services, the Company issued 10,000,000 shares of its unregistered common stock on said date valued at $110,000.
10,000,000 x .06 = $600,000
On January 1, 2011, the Company entered into an agreement with an unrelated third-party consultant. As payment for the consultant’s services, the Company issued 2,500,000 shares of its unregistered common stock on said date valued at $27,500. 2,500,000 x .06 = $150,000
On January 1, 2011, the Company entered into an agreement with an unrelated third-party consultant. As payment for the consultant’s services, the Company issued 4,000,000 shares of its unregistered common stock on said date valued at $44,000.
4,000,000 x .06 = $240,000
On January 1, 2011, the Company entered into an agreement with an unrelated third-party consultant. As payment for the consultant’s services, the Company issued 1,000,000 shares of its unregistered common stock on said date valued at $11,000.
1,000,000 x .06 = $60,000
On January 1, 2011, the Company entered into an agreement with an unrelated third-party consultant. As payment for the consultant’s services, the Company issued 10,000,000 shares of its unregistered common stock on said date valued at $110,000.
10,000,000 x .06 = $600,000
All these agreements for services and yet CASH should not be used to pay expences or growth of the company but pay dividends to all their friends ;)
I have read enough
ALL INVESTORS NEED TO READ THE 10Q to know what they bought:
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