PO3 0.00% 22.0¢ purifloh limited

Ann: OTC Markets Welcomes PuriflOH, page-12

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  1. 1,185 Posts.
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    There are some revelations to be found on the updated website.

    One of them is that ex-PuriflOH Executive Director, Steve Annear, has been made President of PuriflOH USA.

    Note 20 of PO3's for Accounts for the year to June 30, 2019 says this: "During the financial period, the Company established a US subsidiary called Purifloh USA Incorporated.

    "This subsidiary was incorporated in Delaware, USA following the raising of capital of A$9,600,000.

    "The capital was raised from Upjohn Laboratories Inc of Michigan and was transferred directly to PuriflOH USA Incorporated (the ‘subsidiary’ on PuriflOH Limited’s request, as a loan payable on demand to the parent.

    "The subsidiary carries a subscription of shares of common stock with par value of US$0.001 of which PuriflOH Limited owns 100%.

    "As a result of this establishment, the financial statements reflect the consolidation position of the parent and the subsidiary collectively as the Group.

    "The purpose of this entity is to manage operations in the US as the Company moves forward with its commercialization plans for the Free Radical Generator."
    Last edited by Medify: 28/11/19
 
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