Dinatrum/Alumifuel Power Corporation (OTCMKTS:AFPW) has provided an update on its recent activities and acquisitions. The company recently reported to its stockholders that it had signed a letter of Intent on a Project in Atlanta Georgia.
Dinatrum to acquire 6.422 acres block in Atlanta
According to the LOI signed the Dinatrum will acquire a 6.422 Acres block in the suburbs of Atlanta. Already the company has set plans for developing the site by retaining the best Landscape and Design Engineers to design the shape of the lots. The company has indicated that International Contractors will execute different tasks by strictly abiding on Environmental Regulation.
So far Dinatrum has worked with various real estate agents in different cities such as Coldwell Banker, Remax, and Century 21. Dinatrum expects to construct around 60 to 75 townhouses that will fetch a revenue of between $8 million and $11 million in 13 to 25 months. However, this projection might fluctuate depending on the number if Townhouses the company will build. The company has indicated that they will have accurate numbers as they continue with the development and they start Pre-Sales.
In the last decade investment in office space has grown significantly according to Dinatrum. As a result, this is a massive opportunity that resulted in the company considering the project. Revenue generated will depend on the office space the company shall designate within the development. Dinatrum will subcontract experienced developers that they are engaging currently in.
Dinatrum’s change of name
There are no plans of a Reverse Split in the future with the company asserting that it does not have debt conversions or currency conversion. Dinatrum is planning to release more information about its Website statistics. It indicates that it is doing so for purposes of transparency to shareholders who have suggested so.
The change of name and the company’s new trading symbol will be in the OTC market once the company completes the submission of paperwork. This is after FINRA has finalized the review of Dinatrum’s application to change its name. There are plans to list the company on the Mexican Stock Exchange.