Saturday, August 15, 2009 6:45:29 PM
We presently have issued shares in the total of 980 million with 194 million free trading and the rest restricted. Most of the restricted are held by the management group.
Once we launch the infomercial, the cash flow from the product sales will eliminate any requirment to issue additional shares for financing. We will be self financing within 6 months to 0 months.
Total authorized is 1,750,000. The management group of 5 people have a pooling agreement in place so that no one can dump stock and all of us are under the 1% rule which limits each of us to selling 1 % of issued and outstanding over a ninty day period. A good example for you is that myself and Lorie Campbell-Farley (co-founders of the company) hold 58 % of the shares and we have not sold any for over 3 1/2 years. The pooling agreement is much stricter than the 1 % rule..
Our major funder has an agreement where they can convert variable convertable notes to free trading shares. We are presently completing an agreement where they will be restricted to how much they can convert each month. It will be an amount that we can live with and not have it hurt our stock. We have done no conversions for them during the last 9 months. We plan to pay them out within 15 months with monies earned from product sales.
There are no plans to do a reverse split. We feel that with our launch of products via infomercials, we will have a tremendous support of our shares in the market place. As the company progresses it is very possible that we will be in a position to go on the American Stock Exchange or equivilant within 3 years.
We are now a fully reporting company on Pink Sheets and are also audited.
I have sent a copy to Merle Goertz requesting that he add you on to our shareholder email list. Merle looks after IR.
Best Regards,
Jack Farley
Jack Farley, C.E.O. / Board Chairman
avVaa World Health Care Products
P: 888.547.2294
E: jfarley@avvaa.com www.avvaa.com
Pink Sheets: AVVH
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