Replies to post #96 on BEFUT Global Inc. (fka BFTI)

[Brookwinn]

From the 10Q:

Change of Control - (back in Feb 2007)

On February 1, 2007, the Company and KI Equity Partners IV, LLC, a Delaware limited liability company (“KI Equity”) entered into a securities purchase agreement (“Purchase Agreement”) under which the Company agreed to sell and KI Equity agreed to purchase 3,195,000 shares (on a post Reverse-Split basis) of Frezer’s common stock (“Shares”) for a purchase price of $639,000 (“Purchase Price”), or $0.20 per share. The closing of the transactions under the Purchase Agreement occurred on February 22, 2007 (“Closing”)......

Separately, (former company officers) Pockett, O’Neill and Bombardier agreed to sell 305,000 shares (on a post Reverse-Split basis) of Frezer’s common stock (“Transferred Shares”), in the aggregate, to KI Equity for an aggregate purchase price of $61,000, or $0.20 per share (the “Stock Transfer”). The closing of the Stock Transfer occurred on February 22, 2007.

(This shows that Keating invested a total of $700,000 to take control of this shell company...that is quite a lot of money, IMO, and underlines my feeling that Keating would like to recover that investment sooner rather than later, which he can do by finding a suitable RM company).