Thats not totally correct. The $450k (>300k) transaction was between 2 private LLCs, and the connection with the publicly traded company we are dealing with now comes as a share exchange and involved the former STIY entity as shell that was filled.
And after all, it was a promotion with the intend to copycat the TASR Market cap in early stages. Pretty successful imo.
Nice DD though.
"The issuer was formed for the purpose of providing consulting services to various industries as determined by
the issuer and pursuant to the expertise of consultants retained by the issuer. On September 24, 2004, EDT
Acquisition LLC, a Michigan limited liability company owned by Robert Gruder and Thomas Yates Exley,
acquired a 95% interest in Electronic Defense Technologies, LLC, an Ohio limited liability company. The
interest was acquired in exchange for $250,000 in cash and a $200,000 note payable on or before March 24,
2006 from EDT Acquisition, LLC. The 95% interest in Electronic Defense Technologies, LLC together with
the remaining 5% interest in the same company was then transferred on the same day to the issuer in
exchange for the issuance by the issuer of 9,750,000 shares of the issuer’s common stock. In connection with
the transaction, 10,000,000 shares of the issuer that had been issued and outstanding previously was returned
to the issuer for cancellation. This transaction transferred control of the issuer to Robert Gruder and Thomas
Yates Exley by virtue of their ownership of EDT Acquisition LLC which now holds 9,250,000 common
shares of the issuer. These two gentlemen are now officers and directors of the issuer and form its core
management together with three other persons they have nominated to the board."
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