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Re: nsomniyak post# 4393

Thursday, 02/13/2014 12:14:45 AM

Thursday, February 13, 2014 12:14:45 AM

Post# of 4424
Most of the small companies filing 15-15D

or 15G filings probably don't worry about a 3 year

period prior if they lost companies previously owned

due to financial conditions or had to sell them...

DTTO filed on 06-06-11 for 15-15D filing...

Last 8-K filing prior to that was 08-28-07...

So between 08-28-07 and 06-05-08 the company

could have lost WhiteCanyon and not had to disclose

it in 3 year window prior to 15-??? filing of 06-06-11...

Up until the 04-16-07 8-K filing the ownership

of WhiteCanyon by Detto was clear and disclosed...

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=5103260

The 05-03-06 amendment in the 8-K is simple...

NOTE 9 - SUBSEQUENT EVENTS

Modification of Purchase Agreement with Detto Technologies, Inc.

On May 3, 2006, the Company modified its agreements previously reached in November 18, 2005. Detto reduced its total cash commitment by $500,000 and increased the total number of common stock in the shared purchase agreement by 2,000,000 shares. This removed any rights that WhiteCanyon, Inc. or ChannelAccess, Inc. and their respective former sole shareholders had to rescind the acquisition agreement. In addition, the modified agreement called for the annual base salary of the employment agreement to increase to an $70,000 annual base salary through with additional income for a 30% earn-out clause through December 31, 2007.


A public company can own other public companies

and other private companies or a combination of them...

Past public or private wouldn't matter...

What have you done for me lately does matter

to public shareholders though...LJ

EDIT...the name of an employee of both companies

and both companies still sharing similar addresses

at the time of the 15-15D filing highlights more

disclosure of an asset needed within a prior 3 year

period, IMO...





Gee Beav, rithmatic isn't usually this hard to read!

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