Dr. Chaudhuri and KPC hope to purchase all shares outstanding. "Dr. Chaudhuri and KPC each are referred to herein as a "Reporting Person" and together as the "Reporting Persons".
Purpose of Transaction.
Item 4 of the Schedule 13D is amended and supplemented to reflect the following:
The Reporting Persons currently intend to acquire ownership of up to 100% of the outstanding shares of common stock of the Issuer . The Reporting Persons intend to negotiate with members of the Issuer’s board of directors, management and other stockholders of the Issuer with regard to these matters. If the Issuer is not currently eligible to terminate the registration of its common stock under Section 12(g)(4) of the Exchange Act, the acquisition by the Reporting Persons of additional shares of common stock of the Issuer may cause the Issuer to become eligible to terminate such registration . If registration of the common stock of the Issuer under the Exchange Act is terminated, the common stock of the Issuer will cease to be authorized to be quoted on the OTC Bulletin Board."
Posts: 2 | From: virginia | Registered: Feb 2011
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