Adapti Inc (ADTI)

[alabama96]

Not sure what your point is. The LOI is garbage, but Renfro still would get the million dollars. Without that million, this thing would never have got past step 1.

Key developments for BRZL:

May 17, 2010


Brazos International Exploration, Inc. Enters Into Letter Of Intent To Purchase Renfro Energy, LLC

From Feb 10th PR
The acquisition of Renfro Energy, which is expected but not certain,

http://www.reuters.com/article/2011/02/10/idUS257093+10-Feb-2011+BW20110210

Then on March 10th

"Brazos International Exploration Inc announced the Company has executed a Definitive Purchase and Sale Agreement to purchase Renfro Energy, LLC, a Dallas based independent oil company with significant oil and gas assets in Cameron Parish, Louisiana. Closing is scheduled to occur on or before March 31, 2011, and shortly thereafter, an aggressive production enhancement and developmental drilling program will be initiated. "

This is where Renfro collects his $1