Replies to post #2913 on Astro Aerospace Limited (fka ASDN)

[fojcol]

You might have the wrong info. Here's what just came out on SWMM:

Item 5.01. Changes in Control of Registrant



On March 14, 2018, Lawrence and Loreen Calarco, officers and directors of the registrant, the Lawrence & Loreen Calarco Family Trust and the Lawrence and Loreen Calarco Trust of June 3, 2014, majority shareholders controlled by Lawrence and Loreen Calarco, sold 51,711,571 common shares and 1,562,500 preferred shares to MAAB Global Limited, a non-affiliate of the registrant, paid from Bruce Bent, officer and director of MAAB Global Limited’s personal funds resulting in a change of control of the registrant. The stock was transferred to MAAB Global Limited effective March 14, 2018. The 51,711,571 common shares and 1,562,500 preferred shares represent 62.35% and 100% of the currently issued and outstanding common and preferred stock of the registrant, respectively.



Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers



On March 14, 2018, Lawrence Calarco, Loreen Calarco and Charles Dargan II resigned as officers and directors of the registrant. Additionally, on March 14, 2018, Jeffrey Michel and Randy Sofferman resigned as directors of the registrant.



On March 14, 2018, Bruce Bent, age 62, was appointed as Chief Executive Officer and Director of the registrant. He will stand for re-election at the next annual meeting of the shareholders. There are no material arrangements to which Mr. Bent is a party, and there is no family relationship between him and any other party connected to the registrant.



From September 18, 2017 to present, Mr. Bent has acted as Chief Executive Officer and Director of MAAB Global Limited. Mr. Bent is President of Matthews Development (Alberta) Inc. a Canadian based project management company and is Chief Financial Officer of Matthews Acquisitions LLC, a holding company for the Matthews Group of Companies in the United States. Mr. Bent is Chairman and Director of Enerdynamic Hybrid Technologies Corp, a TSXV listed company.

[crudeoil24]

"The registrant is currently negotiating with Confida Aerospace Ltd. ( “ Confida ” ) and intends to enter into a Letter Agreement to assume all of the rights and obligations of Confida under an Asset Purchase Agreement dated January 18, 2018 by and between Infly Technology Ltd. and its principal shareholders (together “ Infly ” ) and Confida.

Under the Asset Purchase Agreement, Infly agreed to transfer, convey and assign to Confida all right, title and interest in and to the assets belonging to Infly and all books and records, studies, software, drawings, schematics and all ancillary information, rights, agreements and understandings Infly may have in respect of the operations of Infly (collectively, the "Assets"). The Assets consist of PassengerDrone aircraft, hardware, software and firmware components, designs and trademarks.

The registrant and Confida have agreed in principal that, as consideration for the assumption of its rights and obligations under the Asset Purchase Agreement, the registrant shall issue Confida Aerospace Ltd. 10,000 preferred shares. Each preferred share shall be convertible into 1,333 common shares and 1,333 warrants. Each warrant shall be exercisable into one common share at an exercise price of $.75. The warrants shall have an exercise period of five years."