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Frequently Asked Questions
Are USInvest/Asia8 Shares currently trading?
A: In July 2005 the Securities and Exchange Commission suspended all trading in our securities due to delinquent filings. All filings with the Commission are now current, and the SEC suspension was lifted. However, there is no registered market maker for our stock on the US OTC Bulletin Board at this time. We are currently in discussions with market makers that plan to file a form 15 211 with the FINRA so a public market for our securities can be developed by 2011. Why is the Company using the name USInvest?
A: The name is intended to reflect a shift in the Corporation’s business focus away from the Asian products markets, towards the US real estate and general investment market where we see the best opportunities. Are my shares restricted?
A: Shares issued under Regulation S are restricted for one year from the date of purchase. If your shares were purchased more than a year ago, there is no restriction on their sale. However, even unrestricted shares may be difficult to sell until the Company is able to establish a public market for its securities. You can arrange to have the restricted legend removed from your stock certificate through the Company’s transfer agent (below) or through any registered US broker dealer. My share certificate has been lost/stolen – how do I get a replacement?
A: If you have lost your share certificate you will need to inform our transfer agent as soon as possible. This can be done by telephone or in writing. The transfer agent will then be able to guide you through the process of obtaining a duplicate certificate. Depending on the value of the shares represented by the share certificate, a fee may be payable. Transfer agent:
Interwest Stock Transfer - Melinda Orth
1981 East 4800 South, Suite 100 Salt Lake City, Utah 84117 Phone (801) 272 9294;(801) 272 9294;(801) 272 9294;(801) 272 9294 Fax (801) 277 3147 melinda@interwesttc.com Does USInvest/Asia8 have any substantial assets?
A: Our principal asset remains a 32% equity interest in WWA Group, a publicly traded company. WWA Group owns substantial assets related to its equity and debt in Infrastructure Developments Corp Inc. Does USInvest/Asia8 intend to liquidate its holdings in WWA Group? A: Our management believes that WWA Group shares are currently undervalued and have substantial potential for continued appreciation, and has no desire or plan to liquidate its equity holdings in WWA Group. Management may offer some of our stock holding in WWA Group as security to investors in a new class of preferred shares of the Company, in order to raise working capital for the development of new businesses. Does USInvest/Asia8 intend to enter any new business?
A: Our new business model is an expansion of the business plan of newly acquired subsidiary EMP Advisors, Ltd. focused on introducing our clients to specific US investments into real estate and other undervalued, high growth investments.. I have received telephone calls from individuals offering to pay large sums for my USInvest shares. Are these offers legitimate?
A: These offers are not legitimate. The offers are bait for an advance fee scam: large sums will be offered to the shareholder, but the people making the offer will always ask for money up front, usually to pay spurious taxes or transfer fees. If you pay, they will take your money and disappear. Please report any such offers to the Company and to your local regulatory authority. |
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