Replies to post #250 on Adamant DRI Processing and Minerals Group (ADMG)

[SPM555]

I'm still trying to piece everything together but my feeble brain sure sees something very interesting bubbling up here. I'll be reading up on this 10-k and doing my best to make sense of the details, but if anyone has a good understanding and can quickly summarize what seems to be taking place - that would be awesome.

From what I can tell the share structure has been cleaned up and ownership is more or less changing (in conjunction with that), while the company has sold off 2 of their arms and acquired a new one. They're also looking to expand but aren't sure what industry to target yet.

We are currently seeking additional potential assets, properties or businesses to acquire, in a business combination, by reorganization, merger or acquisition. The plan of operation for the next 12 months is to: (i) determine which industries in which the Company may have an interest; (ii) adopt a business plan regarding engaging in the business of any selected industry; and (iii) commence operations through funding a start-up enterprise and/or acquiring an existing business or entering into a business combination with a "going concern" engaged in any industry selected. The Company is unable to predict when and if it may actually participate in any specific business endeavor, and the Company will be unable to do so until it determines the particular industry in which the Company may conduct business operations.

Any further details about who's who and what's what would be incredibly appreciated, but I think I understand the most important aspects. This seems like a really clean shell that has had to actively work to get to that point. Not only that but they're spelling out their intentions to make further big moves. One would have to assume that we're going to start to hear some updates via PRs, possibly tomorrow as there's PR worthy info in the 10k. imo