Jun 17th 2008, 11:40 SAS Special Situations
by Wenden Xeno
Gareth Qunhua awarded 5000 shares
As per the SAS original launch conditions, SAS boardmember Gareth Qunhua (our analyst) has been awarded 5000 shares now that 3 months has passed since the launch of our IPO.The 5000 shares have been taken from avitar Wenden Xeno's personal account to keep the total number of shares issued at 500,000 to avoid stock dilution.
Our original chairman Frageurs Hock has forfeited his shares due to breach of contract.
Our other two board members- Chairman Robo Marx and CFO Rodders Holgado will not be issued any shares as part of their association with SAS- they both joined SAS on a voluntary basis- they are both very good friends of Avitar Wenden Xeno, SAS CEO.
This measely 5000 taken from Wenden Xenos personal holding represents the only transfer of shares associated with the SAS IPO that will ever occur.
Furthermore, unless demanded by my shareholders by AGM proposal and vote, I personally vouch that I shall never dilute your shareholder value by performing a secondary offering.
Regards,
Wenden Xeno