Nouveau Life Pharmaceuticals Inc (NOUV)

[1964ss]

Alternative being the key word, looks like there will be no RS because of timing issues.



To further work around what has turned out to be the protracted time required to execute a NOUV reverse stock split, NOUV and PURA have alternatively initiated the declaration of a preferred convertible NOUV stock that is intended for immediate distribution to NOUV shareholders. The preferred stock is to be exchanged for the $1.2 million note. Specifically, the plan is for there to be 120 million preferred shares at a value of $0.01 each totaling the $1.2 million. The preferred shares will bear convertible rights to be exchanged for common stock. Once declared and established, NOUV plans to promptly issue the preferred shares to PURA shareholders in a ratio of 1 NOUV preferred share for every 5 PURA shares held.