Allezoe Medical Holdings Inc (OTC:ALZM) has traded as high as $.0335 during today’s trading session and last traded at $.0319 for a gain of 89.98% from yesterday’s close… ALZM shares have traded as high as $2.60 over the past 52 weeks, which is 98.76% off that high at last traded stock price.
The Company was incorporated on September 24, 1998 with authorized common stock of 25M shares at $0.001 par value. On March 9, 2007, at the Annual General Meeting of Stockholders a resolution was approved to increase the authorized share capital to 500M common shares with a par value of $0.001 per share. Get my next ALERT 100% FREE
The Company was organized for the purpose of acquiring and developing mineral properties. On February 18, 2011, all of the mineral properties and related development and exploration activities were disposed of as part of a series of transactions resulting in the acquisition of Organ Transport Systems, Inc.
The Company entered into a definitive Acquisition Agreement effective January 24, 2011 to acquire all of the issued and outstanding stock of Organ Transport Systems, Inc., a Nevada corporation based in Frisco, Texas. OTS is a biomedical company engaged in developing, patenting, and commercializing portable hypothermic, oxygenated preservation and transport technology for human organs. OTS plans to offer products to assist in human organ transplantation including its LifeCradle product line which assists with organ preservation. That acquisition has closed on February 18, 2011.
Under the terms of the Acquisition Agreement, the Company acquired 100 percent of the issued and outstanding shares of OTS from its sole shareholder, Healthcare of Today, Inc., in exchange for the issuance of 78.255M common shares of the Company representing 60% of the resulting issued and outstanding common shares of the Company on a fully diluted basis, which shares will thereafter be non-dilutable…
All outstanding liabilities of the Company have been discharged, paid or converted into equity at closing and the existing mining operations of the Company were transferred at closing to Executor Capital, Inc., a Belize corporation, for the assumption of all such liabilities.
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