Each one in plain English, with the numbers worked through for a shareholder.
22 Oct 2019material agreement● NeutralMajor
On July 26, 2019 the company signed a letter agreement for Grupo Milagro LLC of Laguna Hills, California to acquire control. It also says it has engaged accountants and auditors to prepare a 10-K for 2018 and the six months to June 30, 2019 so it becomes current in its filings, implying a long filing gap (inference). The company is now a Nevada corporation based in Houston, and the filing gives no price or share terms for the control deal.
On March 5, 2015 the company signed an asset purchase agreement for a roughly 1,300 sq ft Class 5 clean room to be installed in Colorado for hygienic testing and quality control for cannabis growers and retailers. The price is $2,500,000: $250,000 in cash instalments and $2,250,000 in stock, with 3,000,000 shares issued immediately and registered for resale. This is a new business direction, and the share issuance dilutes existing holders (inference).
Effective September 1, 2013 the company signed a joint venture with Chile's Sociedad de Chilerecicla E-Waste to buy electronic and plastic waste in Chile and sell recovered minerals, metals and plastics. The company puts in $50,000 in two instalments within 30 days and gets at least 50% of net profits. This is a new line of business, separate from the rare earth and paper-products ventures.
On June 8, 2012 the company signed a joint venture with Diamond V Associates to fund research and development of tungsten, other rare earths and precious metals in North America and Africa. The company contributes $2,000 a month, with profits and losses split equally. This fits the rare earth focus mentioned with the 2011 credit line.