Stock Hideout - View Single Post - WAVL .035 6 million out plus 40 million restricted

thestockdepot · Tue, 02-19-2008, 10:16 AM

Only changes I could find, plus the resignations of directors

http://www.pinksheets.com/edgar/GetF...lingID=5600269

17
--------------------------------------------------------------------------Recent Developments
On November 30, 2007, Wavelit entered into a Stock Purchase Agreement with ATB Company to purchase 100% of the issued and outstanding stock of Precision Aviation Inc., an Unmanned Aerial Vehicle manufacturing and R&D company with operations in Nevada and Texas. PrecisionUAV Wavelit will issue Forty Million (40,000,000) restricted WAVL common shares to ATB Company and will aquire $450,000 in assets. Wavelit’s Board of Directors received 60% Shareholders Consent and approval to enter into the Stock Purchase Agreement on November 22, 2007. Wavelit has also entered into a Memorandum of Understanding with Precision Aviation wherein Wavelit will appoint two additional Board Members and Precision will make funds available to pay down the existing commercial obligations Wavelit has accrued

Tue, 02-19-2008, 10:16 AM	#2 (permalink)
thestockdepot Member Join Date: Oct 2005 Posts: 61	from the 10-QSB Only changes I could find, plus the resignations of directors http://www.pinksheets.com/edgar/GetF...lingID=5600269 17 --------------------------------------------------------------------------Recent Developments On November 30, 2007, Wavelit entered into a Stock Purchase Agreement with ATB Company to purchase 100% of the issued and outstanding stock of Precision Aviation Inc., an Unmanned Aerial Vehicle manufacturing and R&D company with operations in Nevada and Texas. PrecisionUAV Wavelit will issue Forty Million (40,000,000) restricted WAVL common shares to ATB Company and will aquire $450,000 in assets. Wavelit’s Board of Directors received 60% Shareholders Consent and approval to enter into the Stock Purchase Agreement on November 22, 2007. Wavelit has also entered into a Memorandum of Understanding with Precision Aviation wherein Wavelit will appoint two additional Board Members and Precision will make funds available to pay down the existing commercial obligations Wavelit has accrued