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Re: NORTH LAND post# 5617

Monday, 05/13/2013 9:28:55 PM

Monday, May 13, 2013 9:28:55 PM

Post# of 60702
From your link: Shell game.

"Sitoa will purchase IRIS Renewable Energy Asset plus waste-to-energy assets owned by other third parties in exchange for common shares in Sitoa. On completion of the acquisitions, IRIS will become the majority shareholder of Sitoa as a result of the share exchange."

That's right. Will purchase assets and NOT MERGING with IRIS.

Sadly, IRIS will become a major shareholder to do with the shell as they please.

Please read your own links before posting them.
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