thank you, good afternoon/ $paos from our friend/

thank you, good afternoon/ $paos from our friend/
re;
Re: PENNYBUSTER

$PAOS 8k after hour news for $10.5M dollar

Item 1.01 Entry into a Material Definitive Agreement

On April 28, 2017 (the “Closing Date”), Precision Aerospace Components, Inc. (the “Company” or “Precision”) and its wholly-owned subsidiary Aero-Missile Components, (“Aero-Missile”) entered into an Asset Purchase

Agreement (the “Asset Purchase Agreement”) with Apollo Aerospace Components LLC, an Ohio limited liability company, (“Apollo”) pursuant to which Aero-Missile sold substantially all of its assets to Apollo and Apollo assumed certain liabilities of Aero-Missile

(the “Asset Sale”) for an aggregate purchase price of $10.5 million paid
by Apollo to Aero-Missile (the “Base Purchase Price”).

The Base Price Purchase is subject to a working capital adjustment
(the “Working Capital Adjustment”) and $1.0 million being held in
escrow to secure the indemnification obligations of the Company and
Aero-Missile (the “Escrow Amount”).

https://www.otcmarkets.com/edgar/GetFilingHtm...D=12030216