here you go from SEC filing:
H&H Glass will acquire 100% of the common stock of YesRx.com, a wholly owned subsidiary of KAIH in exchange for a combination of convertible debentures plus ninety two percent (92%) of the issued and authorized KAIH Common Stock (828,000,000). (i.e., H&H Glass is acquiring Kaire Holdings, Inc.’s assets and liabilities via a reverse triangular acquisition).
POST MERGER CAPITALIZATION
Equity
Capitalization After the Merger, the equity capitalization of Kaire will consist of the following:
Shares Percentage
Client 828,000,000 92.0%
Float 42,616,806 4.7%
Others 29,383,194 3.3%
TOTAL 900,000,000 100%
and
Upon signing the LOI, the Current Board will appoint two or more directors as supplied by H&H Glass. Upon closing of the Merger, current Board of Directors and Officers will resign.
Current Directors and Officers agree of waive all amounts owed them in exchange for equity in the new organization.(Wonder if that is the 29,383,194 shares or 3.3 % above?)
and then all you present KAIH stock holders your 4.7 % ownership interest (42,616,806 shares) will get look forward to another 200-1 reverse split.
H and H and present management and debtors make out well. Present shareholders once again take beating... as usual with Westlund...
