Replies to post #322 on Black Bird Biotech Inc (BBBT)

[Kuzami]

8-K issued...

https://www.otcmarkets.com/filing/html?id=13793332&guid=6McvU6voyJaFith

Item 1.01 Entry into a Material Definitive Agreement.



On December 12, 2019, we entered into a plan and agreement of merger with Black Bird Potentials Inc., a Wyoming corporation, pursuant to which Black Bird Potentials is to become our wholly-owned subsidiary.



Pursuant to the merger agreement, we are to issue a total of 120,000,000 shares of our common stock to the shareholders of Black Bird Potentials. The closing under the merger agreement is to occur upon the satisfaction of certain conditions precedent, including the cancellation of substantially all of our existing indebtedness, including accrued interest, by the issuance of shares of common stock. Our management sees no impediment to the consummation of the merger agreement.



In determining the number of shares of our common stock to be issued under the merger agreement, our board of directors did not employ any standard valuation formula or any other standard measure of value.



Item 8.01 Other Events.



In connection with our executing a plan and agreement of merger with Black Bird Potentials Inc., we issued the press release reproduced below:



* * * START PRESS RELEASE * * *



Digital Development Partners Signs Definitive Agreement to Acquire Black Bird Potentials Inc.



December 13, 2019 – Digital Development Partners, Inc. (OTC PINK: DGDM) announced today that it has signed a definitive agreement to acquire Black Bird Potentials Inc., a Montana-licensed industrial hemp grower and a manufacturer and distributor of CBD products under its “Grizzly Creek Naturals” label.



Further information concerning Black Bird Potentials is available on the SEC’s EDGAR system at www.sec.gov//cgi-bin/browse-edgar?company=black+bird&owner=exclude&action=getcompany.



Digital Development Partners and Black Bird Potentials are aware of no impediment to closing the acquisition transaction by the end of January 2020.



About Black Bird Potentials Inc.



Founded in October 2018, Black Bird Potentials manufactures and sells CBD products, including CBD Oils and CBD-infused personal care products. In addition, Black Bird Potentials is a licensed grower of industrial hemp under the Montana Hemp Pilot Program. Black Bird Potentials is the exclusive U.S. distributor for MiteXstream, a pesticide effective in the eradication of spider mites, a pest that destroys crops, especially cannabis, hops, coffee and house plants. EPA approval of MiteXstream is expected in the summer of 2020.



About Digital Development Partners, Inc.



Digital Development Partners, Inc. has, for the past four years, been seeking to acquire a suitable going business.

[tedpeele]

insider = 92% of OS per 10k, no convertibles. 8k today on CBD acquisition of company with revs and store expansion plans:


item 1.01 Entry into a Material Definitive Agreement.


On December 12, 2019, we entered into a plan and agreement of merger with Black Bird Potentials Inc., a Wyoming corporation, pursuant to which Black Bird Potentials is to become our wholly-owned subsidiary.


Pursuant to the merger agreement, we are to issue a total of 120,000,000 shares of our common stock to the shareholders of Black Bird Potentials. The closing under the merger agreement is to occur upon the satisfaction of certain conditions precedent, including the cancellation of substantially all of our existing indebtedness, including accrued interest, by the issuance of shares of common stock. Our management sees no impediment to the consummation of the merger agreement.