Past year: ▲ 100%(0.01c – 0.02c USD)
Each one in plain English, with the numbers worked through for a shareholder.
3 Oct 2006material agreement● Neutral
The company agreed on September 27, 2006 to lend $100,000 to Lusora Limited through an unsecured, interest-free promissory note payable on demand. Lusora Limited is the company the earlier share exchange letter of intent was connected to, and the company later acquired it through Lusora Inc.
25 Sept 2006capital raising announcement● Neutral
The company closed a private placement of 500,000 units at US$1.00 each, raising $500,000 from one non-U.S. investor. Each unit is one share plus one warrant to buy another share at US$2.00, so new shares were issued and more could follow if the warrants are exercised.
What it means for a shareholder
500,000 new shares at US$1.00 to raise about US$500,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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13 July 2006business combination● NeutralMajor
The company, then named Lusora Healthcare Systems Inc., told shareholders its board will change. Dan Bauer bought 60% of the stock (1,500,000 shares, 750,000 each from Jinhu Zhang and Chunjin Xu) for $450,000 in a deal completed May 19, 2006. Zhang and Xu are to resign as directors and officers, and Bauer will become President and CEO and sole director, once the share exchange with the shareholders of Lusora Inc. completes and at least 10 days after this filing. A 25:1 forward split on June 23, 2006 raised shares outstanding from 2,500,000 to 62,500,000, taking Bauer's holding to 37,500,000 shares. This continues the May 2006 change in control seen in the earlier insider filings.
