ADMG
Adamant DRI Processing and Minerals Group0.0270
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
461.97KP/E (TTM)
-Basic EPS (TTM)
0.00Dividend Yield
0%Recent Filings
10-Q
Q3 FY2023 results
Adamant DRI Processing and Minerals Group, a shell company, posted a narrower net loss of $11,000 for Q3 2023 ended September 30, versus $10,000 last year, while nine-month losses eased to $43,100 from $59,300, thanks to a $21,700 gain on debt forgiveness offsetting higher professional fees for SEC filings and acquisitions. No revenue yet, as operations remain paused since 2019; operating losses widened q/q to $32,700 from $22,000 in Q2 (derived). Shares outstanding ballooned to 87 million after issuing 70 million in trust for the pending Parks Amusements acquisition, closed for stock consideration with Nicholas Parks and affiliates receiving most, pending Missouri filings and audit by December 31, 2023. Cash sits at zero, propped by $33,500 in related-party advances; free cash flow not disclosed in the 10-Q. Basic and diluted EPS holds at $(0.00), consistent across periods with no anti-dilution effects. Change of control hit in June 2023. Yet execution risks loom large in reverse mergers.
8-K
Auditor change disclosed
Adamant DRI Processing and Minerals Group dismissed its auditor Keith Zhen, CPA, on November 14, 2023, and promptly engaged GBQ Partners LLC as replacement. Zhen's prior reports on 2021 and 2022 financials were clean, save for going-concern doubts, with no disagreements or reportable events. The board approved the switch seamlessly. No disruptions expected.
10-Q
Q2 FY2023 results
Adamant DRI Processing and Minerals Group, a non-operating shell, posted a Q2 net loss of $21,768, up from $15,149 a year earlier due to higher professional fees tied to its change in control, while the six-month loss narrowed to $32,118 from $49,401 on reduced SEC filing costs. No revenue or operating income emerged, with EPS steady at $(0.00) across 16,110,005 diluted shares. Cash stayed at zero, offset by $24,740 in related-party advances matching operating outflows; total liabilities hit $47,592, including a $21,721 demand note later forgiven. On June 27, 2023, Nicholas Parks acquired 73% control for $300,000 cash, paving the way for a pending July 1 acquisition of Parks Amusements LLC via 70,000,000 shares. Change brings fresh momentum. Yet regulatory hurdles loom large.
8-K
Parks grabs 73% control
Nicholas A. Parks seized control of Adamant DRI Processing and Minerals Group on June 27, 2023, by acquiring 11,866,563 shares—73% of the outstanding common stock—from Global Strategies, Inc. Dr. Larry Eastland resigned as President, Secretary, and Treasurer that day, paving the way for Parks, a 44-year-old entertainment executive with pinball and amusement ventures, to step in as the company's sole officer and board member. This abrupt leadership shift thrusts an outsider into the minerals firm's helm. No employment agreement exists yet, leaving integration details unclear.
10-Q
Q1 FY2023 results
Adamant DRI Processing and Minerals Group, a non-operating shell company, posted a Q1 net loss of $10,350, down 70% y/y from $34,252, thanks to slashed general and administrative expenses from $34,252 to $10,350. No revenue or gross profit emerged, as expected for this blank-check entity hunting a reverse merger. Cash stayed at zero, with a $2,500 related-party advance offsetting operating outflows; total liabilities hit $49,023, including a $21,721 demand note to an unrelated party (non-interest bearing unless defaulted). Stockholders' deficit widened to $47,524. Control shifted post-quarter: on May 1, 2023, the 73% holder agreed to sell to Parks Amusements LLC for $300,000, pending close. Weak internal controls persist. Change is coming.
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