0000000000-22-012222.txt : 20221213 0000000000-22-012222.hdr.sgml : 20221213 20221109153006 ACCESSION NUMBER: 0000000000-22-012222 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20221109 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Adamas One Corp. CENTRAL INDEX KEY: 0001884072 STANDARD INDUSTRIAL CLASSIFICATION: JEWELRY, SILVERWARE & PLATED WARE [3910] IRS NUMBER: 831833607 STATE OF INCORPORATION: NV FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 17767 N. PERIMETER DR. STREET 2: SUITE B115 CITY: SCOTTSDALE STATE: AZ ZIP: 85255 BUSINESS PHONE: (480) 356-8798 MAIL ADDRESS: STREET 1: 17767 N. PERIMETER DR. STREET 2: SUITE B115 CITY: SCOTTSDALE STATE: AZ ZIP: 85255 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]#;VQO7!E+UA/8FIE8W0O5VED=&@@,30R."],96YG=&@@,S8U+T)I='-097)# M;VUP;VYE;G0@.#X^7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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Grdina President and Chief Executive Officer Adamas One Corp. 17767 N. Perimeter Dr., Ste B115 Scottsdale, Arizona 85255 Re: Adamas One Corp. Amendment No. 3 to Registration Statement on Form S-1 Filed November 3, 2022 File No. 333-265344 Dear John G. Grdina: We have reviewed your amended registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our October 31, 2022 letter. Amendment No. 3 to Registration Statement on Form S-1 filed November 3, 2022 Government Regulations, page 63 1. We note your disclosure in this section, such as "In August 2018, the FTC amended its Jewelry Guides to help prevent deception in jewelry marketing." Please ensure that you have updated the disclosure about government regulation to the extent practical. Also, tell us the extent to which you have considered FTC regulations given the references in the bullet points on pages 4 and 58 to "environmentally friendly" diamonds and the reference to "Eco Friendly" under the phrase "Benefits of Lab-Grown Diamonds" on your website. John G. Grdina FirstName LastNameJohn G. Grdina Adamas One Corp. Comapany 9, November NameAdamas 2022 One Corp. November Page 2 9, 2022 Page 2 FirstName LastName General 2. Please file a final legal opinion. Currently, Exhibit 5.1 is merely a "form" of opinion, is undated and has numerous blanks. You may contact Charles Eastman, Staff Accountant, at 202-551-3794 or Andrew Blume, Senior Accountant, at 202-551-3254 if you have questions regarding comments on the financial statements and related matters. Please contact Thomas Jones, Staff Attorney, at 202-551-3602 or Geoff Kruczek, Senior Attorney, at 202-551-3641 with any other questions. Sincerely, Division of Corporation Finance Office of Manufacturing cc: Raymond A. Lee, Esq.