Replies to post #38205 on Aventura Equities Inc (AVNE)

[JLE86]

I did. What did this company acquire? I believe I see them being acquired, not acquiring anything themselves!

On April 29, 2013 US Fuels (OTC USFF) entered into a joint venture agreement with the Company’s subsidiary Renewed World Energies, Inc. The agreement calls for the company’s to work together using Renewed World Energies’ patent pending photo bioreactor in US Fuels’ coal –to-liquid plants planned for Muhlenber and Perry Counties, Kentucky.
On June 20, 2013 the Company entered a confidential “letter of Intent” to acquire certain business, assets and intellectual properties of a California medical research group. The group focuses their efforts on certain published properties and patented medical extraction processes. The Company intends to expand the licensing opportunities of the acquired assets.
On June 30, 2013 an assignment and modification agreement with the holder(s) of the convertible note for $10,400. The new terms extended the maturity date until June 30, 2014. The notes will accrue interest at 12% per annum.
On August 6, 2013 the holder of 250,000 shares of preferred stock sold the stock to an unrelated 3rd party. The third party converted the shares to 500,000 common shares.