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Thursday, December 10, 2009 12:30:52 PM
http://www.bioharpunius.com/Picture_Gallery.html
UPDATED DECEMBER 10, 2009
Q: Will the company be raising the Outstanding Shares past the 1,000,000,000?
A: No, definitely no. We have the proper structure for the company now and in our future move to a higher exchange.
Q: Will the company be doing a reverse split?
A: No, definitely no. With the anticipated sales we will have there is no need to explore that whatsoever. We've had so many inquiries to date from several countries expressing interest in purchasing the BioHarp that our share structure will support the aniticpated revenues.
Q: When will the company begin to see sales of the BioHarp?
A: We are working right now on getting the final production unit done and ready to go. We expect to sell the BioHarp to veterinarians, equine, and horticulture markets in the first quarter of 2010. We are not limited to KFDA, CE, or FDA approval to do this.
Q: Why didn't you just do a simple merger rather than an asset purchase?
A: For valuation. A merge would not have given us the proper valuation for the company's anticipated move to a higher exchange. By purchasing the asset, XTend now has a measureable value for the future audit of the company. This will be very important when we file the forms to move to a higher exchange.
Q: Does the company has sufficient cash reserves to execute the business plan?
A: Yes! We are ready to execute the plan we have worked so hard to establish.
Q: When will the website be updated?
A: As we just finished up the asset purchase, we ask for a little patience from our shareholders. We're working on many items and the website is one of them. Look for a more robust website within the next 30 days wherein we will also have video demonstrations of the BioHarp.
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