Replies to post #18414 on Adama Technologies Corp. (fka ADAC)

[trader59]

Yes:


This "company" has a CEO who is a building contractor in Jackson, TN as his full time job, doing home repairs and remodels. That business isn't tied to Adama. They have a little machine shop in a small town in Utah called Alpine Industries they "acquired" that occasionally gets a contract in defense/aerospace to make a part for something. They get enough work to keep their 3 full time employees and 4 hourly machinists busy, but also to allow some sensationalized PR's to be issued touting great and wonderful things to sell stock. 1 of those full time employees is Harold "Stony" Tanner, who is now listed as the President of Adama rather than the marketing guy for the machine shop. This is small time stuff.

The company is Caveat Emptor due to being very delinquent in filing financial information. The only thing filed "recently" was an 8-K to cover a PR where the machine shop got about $300k or so in a contract to make a part. It appears that all that pumping (up to, what, $0.12 PPS?) was to allow debt holders to convert and sell stock.

Most interesting thing I found in the latest "real" financial report for period ending 9/30/17 says on page 7:

Additionally, in the Company’s pursuit of additional acquisitions as well as in efforts to improve sales, quality and efficiencies in the current operations, the
Company has retained Maximization, LLC to act as an independent consulting firm to focus on areas of growth, as well as to improve upon the business operations
and increase sales, revenue and profits. Maximization, LLC. will also work to identify and target new acquisitions and allow growth within our core strategy of
value added merger and acquisition activity. This consulting agreement includes a montly fee of $10,000 per month as well as 1,500,000 shares of common stock.

That company has 2 "employees," John and Brenda Hachiya, whose office appears to be their residence:

http://www.buzzfile.com/business/Maximization,-LLC-619-276-8924

$10k and 1.5M shares a month isn't a bad gig.

Principals are Stony Tanner (Harold) of Alpine Industries in Richmond, Utah, Eric Sills of Elite Contractors in Jackson, TN.

This stock is dead, at least until someone with a lot of stock, say a debt holder or maybe the Maximize duo, decides to revive and pump it to sell that stock.