First Canadian American Holding Corp – ‘8-K’ for 12/31/01

On:  Thursday, 4/11/02   ·   For:  12/31/01   ·   Accession #:  725752-2-5   ·   File #:  0-22947

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         2±    14K 

Document Table of Contents

FORM 8 - K                                                                      

CURRENT REPORT                                                                  

FISCAL YEAR ENDING December 31, 2001                                            

ADATOM.COM, INC.                                                                
(Exact name of Registrant as specified in its charter)                          

       Delaware                   000-22967                          43-17719999
(State of Incorporation)  (Commission File Number) (U.S. Employer ID Number)    

               The IMR, 400 South Beverly Drive, #214, Beverly Hills, Ca., 90212
                      (Mailing Address)                               (Zip Code)

               Registrants Telephone Number, including Area Code: (310) 770-6689

ITEM 1: Changes in Control of Registrant:                                       

The IMR acquired an additional 30,000,000 common shares of the Registrant in    
exchangefor 100% of the shares of AQ Corporation.                               

ITEM 2: Acquisition or Disposition of Assets:                                   

The Company spun-off 100% of the shares of its wholly owned subsidiaries, AQ    
Corporation (an Oregon corporation) and IBA, Ltd. (a Belize IBC), to the        
shareholdersof the Company on the basis of 1000 shares of AQ Corporation and    
one hundredeth of one share of IBA, Ltd., for every 1 share held by the         
shareholders of the Registrant.                                                 

The record date for the spin-off of shares of AQ Corporation and IBA, Ltd., is  
April 9, 2002.                                                                  

The Registrant will apply for CUSIP numbers to be assigned to AQ Corporation    
and IBA, Ltd.                                                                   

The Company has set as an ex-dividend date, May 1, 2002.                        

AQ Corporation acquired 100% of the assets and liabilities of the Registrant,   
leaving the Registrant as a publicly owned shell without assets or liabilities. 

No assurances can be made that the spun-off corporations will emerge as         
successfulcompanies.                                                            

At the record date of spin-off, AQ corporation had approximatley 83,000,000,000 
common shares issued and outstanding and IBA, Ltd., 830,000 shares.             

At this time, AQ corporation has approximatley $222,500 in assets and           
$1,000,000 in liabilities and IBA, Ltd., has zero assets and zero liabilities   
and both will continue in this status until they acquire other assets.          
No assurances can be made that the spun-off corporations will make any          
aquisitions or emerge as successful companies.                                  

ITEM 3: Legal Proceedings  Bankruptcy or Receivership:                          

All of the Registrant's assets and liabilities including any legal procedings   
were assumed by and transferred to AQ Corporation.                              

ITEM 4: Changes in Registrant's Certifying Accountant:          

None                                            

ITEM 5: Other Events:                                                           

At the time of the filing of the Registrant's previous 8k, it was erroneously   
stated that Kevin Quinn was the Registrant's new legal counsel, however, Mr.    
Quinn declined to serve as corporation counsel.                                 

At the time of the filing of the Registrant's previous 8k, it was erroneously   
stated that First Global Transfer Agency was the Registrant's new transfer      
agent, however, American Stock Transfer continues to serve as the Registrant's  
transfer agent, with the exception that the Registrant has issued shares        
outside of the knowledge of the transfer agent due to the fact that the         
transfer agent is owed approximatley $10,000.                                   

ITEM 6: Registrant's Directors and Officers:                                    

The Company's current officers and directors are:                               

Elvira Gamboa, Director                                                         
Darrell Crudup, President/Secretary                                             

ITEM 7: Market for the Registrants Common Equity and Related Shareholder        
Matters:                                                                        

  Shares of the Registrant trade on the OTC "Pink Sheets" under the symbol ADTM.
Note:                                                                           

            The Company has not declared any cash dividends on its common stock.

SIGNATURES:     

    Pursuant to the requirements of Section 13 or 15(d), the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be signed on its     
behalf by the undersigned, hereunto duly authorized.                            

ADATOM.COM, INC.                                                

_____________________________________L/S                        
Darrell Crudup, Corporate Secretary                             
Dated:  April 9, 2002                                           

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing		Date		Other Filings
		5/1/02
Filed on:		4/11/02
		4/9/02
For Period End:		12/31/01		8-K
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