Drifterfcrc on Dividends
ENVIRO|TECH TECHNOLOGIES:
On March 30th, 2011, RAMO announced its 1st Merger with "3D Vision, Inc.". The reasoning behind this acquisition and partnership was that the absolute niche technology behind 3D Vision is owned by 3D Vision and all patents have been filed and are now pending. This opportunity cost us a total of 2 Million shares. These shares will be slowly liquidated over an agreed to minimum 6 month schedule as short term funding. The entire financing required over the coming 3 years by 3D Vision is about $5 Million. This financing will be raise outside the market through more traditional financing sources such as private investment funds, hedge funds and private individual investors. This process is already well underway. The "Use of Proceeds" for said financing will be for sales and marketing efforts as well as R&D and further, future product development. We expect that by the end of Q3 or early Q4, 3D Vision will have already commenced sales and leasing programs already released/disclosed on April 20th, 2011.
Dividend: We expect that as early as the end of Q2, the merger vehicle will have been identified and purchased/contracted. Our goal is, with this completed, all shareholders as of June 15th, 2011 will receive a pro-rata dividend of stock/shares of and in the new 3D Vision, Inc. (public company).
ENVIRO|TECH ENERGY:
On April 30th, 2011, RAMO announced its 2nd Merger with "Groupe Concorde Developments, Inc." (GCD). With this RAMO did not only gain a valuable merger partner, but also a key new member of its Management Staff, as GCD's President and CEO and a Board of Directors member, Alex Taranu. Alex joins us with 25 years of Investment Banking and Project Development experience. These are the experiences and talents RAMO and GCD require to be successful and competitive long into the future. GCD was acquired for 3 Million shares. These shares, like with 3D Vision, are on a minimum 6 month agreed to liquidation schedule. All the GCD projects, Wind, Solar, Waste to Energy and the Green Assisted Living Facilities will be funded/financed through Government Subsidies, RIETs, Hedge Funds and Private Investor Funds and Individuals as well. RAMO and GCD also fully expect to be well into the financing contracts and funding and commencing by the end of Q3 or early Q4. With funding contracts and development contracts closed, GCD will immediately see beginning revenues from its projects.
Dividend: We expect that as early as the end of Q2, the merger vehicle will have been identified and purchased/contracted. Our goal is, with this completed, all shareholders as of July 15th, 2011 will receive a pro-rata dividend of stock/shares of and in the new Groupe Concorde Developments, Inc. (public company).
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): May 9th , 2011
RAMOIL MANAGEMENT LTD.
(Exact Name of Registrant as Specified in Charter)
WYOMING 033-12507-NY 13-3437732
------- ----------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
6475 PACIFIC COAST HWY., SUITE 365, LONG BEACH, CA 90803
(Address of principal executive offices)
Registrant's telephone number, including area code:
323-952-3754
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