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Tuesday, July 08, 2014 11:35:29 PM
They were owned by the Corr family members, not by APRU.
They could have been converted by the Corr family at any time before the APRU/LVVV
at a rate of 20% below the 10 day average. That average was .0001 for years.
(A rate of .00008 per share)
So when LVVV made the deal for APRU and converted 5,000,000 shares of the
Preferred Stock into 9,057,971,014
(A rate of about .00055 per share if my math is correct)
They did us a great service. I thank them for that.
As far as The Corr family running off with every thing, The price paid for the
Preferred Stock goes to the owner of the Preferred Stock.
The Corr family members, not to APRU.
The Company also reached an agreement with APRU on May 13,
2014, to acquire from APRU 7,252,034,443 newly issued restricted shares of APRU common stock (the “Common Stock”)
in exchange for 1,000,000 restricted shares of the Company’s common stock
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=10003408
The 1,000,000 restricted shares of LVVV went to APRU not the Corr family members.
IMO we are in a much much better place today then before the LVVV/APRU deal.
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