Yes and it reads exactly as I said and you are continuing to attempt to mix it all together.
Again -- Conditional Agreement-- the conditions have to be met
If you want to get the actual sequence of events, read the previous Q:
On August 24, 2009, 310 Holdings, Inc.("310") and the company closed a Securities Purchase Agreement whereby the 310 purchased 100% of the issued and outstanding common shares of Javaco in exchange for $150,000 and the issuance of 2,500,000 shares of 310's common stock to Domark. We also entered into a separate agreement and have assigned $9,997,134 of media credits in print and radio to 310 Holdings in exchange for the issuance of 1,000,000 shares of 310 Holding's common stock.
On August 26, 2009, R. Thomas Kidd resigned as Chief Executive Officer and President and as a member of the Board of Directors. There were no disagreements with R. Thomas Kidd on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure. R. Thomas Kidd will remain in his position as Principal Financial Officer.
On August 26, 2009, in a Debt Settlement Agreement by and between the Company and R. Thomas Kidd, any and all debt owed to Mr. Kidd for expenses, advances, or loans has been settled. The Company agrees to pay Mr. Kidd $150,000 cash and transfer 3.5 million shares of common stock of TRTN, OTCBB held by us.
Furthermore, the Company shall execute an assignment of all claims against Victory Lane Financial Elite, et al as known or shall become known in the course of the litigation entitled DOMK vs Victory Lane Elite, LLC, Costello, et al in the US District Court, Middle District of Florida, and the case in Tattnall County, Georgia. In addition, the parties shall execute an assignment of the repurchase agreement entered into by and between the Company and TRTN, OTCBB.
Upon payment and assignment of TRTN shares and assignment of the Company's claims, Mr. Kidd shall surrender 111,438,394 common shares of Domark, to be returned to treasury and cancelled.
On August 26, 2009, Scott Sieck, a member of the Board of directors and Chief Operating Officer, was appointed as our Chief Executive Officer.
On August 26,2009 the Company executed a Securities purchase agreement with R. Thomas Kidd, whereby pursuant to the terms of the agreement, the Company agreed to transfer its ownership of 100 Units of Victory lane LLC to R. Thomas Kidd in exchange for 25 million shares of Domark common stock held by Mr. Kidd. The trhansaction closed on October 15,2009, upon delivery to the Company of 25 million shares of common stock owned by Mr. Kidd.
The issuance of the securities above were effected in reliance on the exemptions for private sales of securities not involving a public offering pursuant to in Section 4(2) and Section 4(6) of the Securities Act.
On October 15, 2009, the Company entered into an agreement whereby the Company and R Thomas Kidd settled outstanding debts to Mr. Kidd. Terms of the debt settlement agreement relieved the Company of indebtedness to Mr. Kidd in the amount of $16,491 in exchange for the transference of the website of Executive Sports and Entertainment, Inc., representing ownership of that website, delivery of the website framework for www.domarkinternational.com, the assignment of a $100,000 promissory note payable to the Company, and assignment of all shares related to MedQuest, Inc., a Nevada corporation formed by the Company in 2008.
Feel free to post that in its entirety too-- won't change the data, but perhaps you can highlight the words you want to interpret favorable there and we can discuss them? Looks like there are several other promising obfuscation areas ;-)
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