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Monday, August 15, 2011 3:28:31 PM
The references in the BVIG SEC filings regarding equivalent Form 10 information being provided in an 8-K filing are only relating to the "Reverse Merger" which is actually the purchase of BVIG (Shell Company) by Ken Stead /KATX.
We will call this EVENT #1.
The purchase of BVIG (at that time a shell company) by Ken /KATX required the filing of a Form 10 or S-1 to begin the passing of the 1 year restriction on the resale of BVIG shares that were purchased by Ken Stead. The rules require a one year restriction on the BVIG shares from the time BVIG STOPPED BEING A SHELL CORPORATION. That 8-K filing, I believe, was filed on 9-15-2010. So the Event #1 restriction clock began ticking on that date. The one year restriction of the resale of the BVIG shares should end for Ken Stead and KATX on 9-15-2011. All of this has to do with the BVIG corporation NOT BEING a shell company for the duration of the year. Other SEC requirements must be met during the year such as keeping the SEC filings current.
Now on to EVENT #2:
The BVIG share distribution that was announced by Ken / KATX is a totally separate action not related to EVENT # 1.
EVENT #2 will also require the filing of another Form 10 or an S-1. The filing of the Form 10 or S-1 relates only to the share distribution and there would be no additional restriction on the BVIG shares resale by investors. There has, so far, NOT BEEN A FILING OF FORM 10 OR S-1 for the BVIG Share Distribution. When the EVENT #2 Form 10 or S-1 is actually filed at a point in the future, the SEC will review that filing and the process will end when the SEC okays the Registration of the BVIG shares for the distribution. Then, at a time he choses, Ken / KATX will be able to deliver the shares to the DTC for delivery to our brokerage firms to place the shares into our own individual accounts.
The bottom line regarding the BVIG Share Distribution is that we must still go thru another Filing of a Form 10 or S-1 before the actual distribution could proceed.
The Nevada SOS business license "default" status has no bearing on either of the EVENTS #1 or #2.
I am sure that this information will most likely generate new questions. We can compile those questions and I will go back to the SEC to clarify whatever needs clarifying a little later down the road.
BigOwl47
MAY ALL YOUR INVESTMENT DECISIONS BE PROFITABLE ONES!
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