Worth, Inc. is our majority shareholder. Worth, Inc. is owned
by Jon Illingworth, our founder's father. Worth, Inc. holds
523,186 shares of our common stock and 2,706,238 shares of our of our Series A Convertible Preferred Stock.
Each share of our Series A Convertible Preferred
may be converted into six (6) shares of our common stock.
Assuming all 2,706,238 shares of Series A Convertible Preferred stock held by Worth, Inc. were converted into common stock, Worth, Inc. would hold a total of 16,760,614 shares of common stock which is greater than 170% of our issued and outstanding shares of our common stock as at October 10, 2011.
That's just the beginning!