This purchase is what I find VERY INTERESTING.
If Party B believes the stock, after dilution of 4 million more shares is really worth $1.25, it would make sense that these individuals would buy all the outstanding stock (float) if they could for 30 cents or less. That is, if they really believe in the transaction they made in selling out to AXM.
If they believe what they are doing, for the time being they can contact me and have my 120,000 share tomorrow for $1.20, a discount of 5 cents. :):) Otherwise I will just sit back and watch this one, for it is like one big mystery. I just hope the ending is that everyone lived wealthy and happy ever after. :):)
I wonder what those individuals who gave up their collateral on the factory for their loans are also thinking. Either our Madaam CEO has power of persuation beyond the human natural, or there are also some Chinese believers in this company. I just hope that they were not on the wrong drugs. :):)
Was the grant a gift? She did a good job in getting those funds also. I would like to meet this lady someday, for she seems to be not just good, but real good.
Party A: AXM Pharma (Shenyang), Inc.
Party B: Beijing Yuhuatang Biological Sci-Tech Development Co., Ltd
On the basis of complementing advantages for each other, mutual
benefit and mutual development, Party A and Party B, through friendly negotiation, reached the following agreement on acquisition restructure and technology transfer:
1. Both parties confirm that the entire fixed assets and technology value of Party B is worth RMB 45,000,000 (the actual assessed value is RMB 59,830,000).
2. Party A will furnish 4,500,000 shares of its Parent company-AXM Pharma (US), Inc. to Party B at the price of $ 1.25 per share by the integral number of which is equivalent to RMB 45,000,000. Therewith, Party B is entitled to own the share rights calculated in US dollars equivalent to RMB 45,000,000 of Party A. Thus, Party B becomes a wholly owned subsidiary of Party A. Meanwhile, Party A will pay RMB 1,000,000 in cash to Party B. Party A will own the State Fund for Technology Innovation obtained by Party B’s application.
