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Have a question about this stock offering that isn't answered in these FAQ? Email our Director of Investor Relations Yvette Sanchez.
- Why is Ballard Organics selling stock?
We plan to grow from within our current market of the Pacific Northwest to have a nationwide presence. This rapid expansion in distribution requires money to grow our sales force and expand our inventory to keep up with rising sales. The goal is to have nationwide distribution with representation in both the natural and conventional markets. Ballard Organics will continue to develop the best organic body care products available with the intention of diversifying our product offerings, branching out into household cleaners, laundry soaps, bubble bath, shampoo, hotel soaps, organic institutional cleaners for laundry, floors, automatic dish washing machines, and many other products. Some money from this offering will be used to develop these new products and we'll be able to develop more products when more money is raised.
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- What type of stock offering is this?
We have been approved by the Washington State Department of Financial Institutions to sell common stock in this Direct Public Offering (DPO) to residents of Washington State.
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- Can Ballard Organics use money raised from this stock sale immediately?
There is a minimum amount to be raised before we may use funds raised through this DPO. The minimum for this offering is $150,000.
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- What is the maximum number of shares that will be sold in this DPO?
We are approved to sell one million shares which would amount to 19.77% of the company.
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- What will the money be used for?
When we reach the minimum ($150,000) we will execute phases 1-6 (see disclosure document pages 23-24). Sales people will be hired and new products will be brought to market. Brokers will be recruited throughout the country and inventory will be increased. If we reach the maximum for this offering we will, in addition to implementing phases 1-6, purchase manufacturing equipment, hire more production workers, increase our marketing footprint and expand product development.
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- How long does this offering last?
The offering lasts until we sell one million shares, or on May 14th, 2011, whichever comes first.
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- What is the minimum amount of stock I can buy?
500 shares is the minimum number of shares that can be purchased. Stock may be purchased in any amount over 500 shares up to the total number of remaining unsold shares. There are one million shares being offered in this DPO.
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- What is the maximum amount of shares I can buy?
You may buy any amount of shares, from 500 and above, up to the amount of unsold shares remaining in the offering.
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- What is the price per share?
Shares are $1 each.
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- When will I receive my stock certificate?
Stock certificates will be issued once the minimum for this offering has been reached. ($150,000). Funds raised before the minimum is reached are kept in an "impound account" at US Bank from which no money can be withdrawn until the minimum has been raised.
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Site Mailing List
Ballard Organics Soap Company
(206) 432-9337 (phone)
(206) 432-9338 (fax)
Mailing Address
P.O. Box 95527 / Seattle, WA 98145
Email soap@ballardorganics.com
© 2005-2010 Ballard Organics, All Rights Reserved. Any unauthorized use is strictly prohibited. Contents of this site sole property of Ballard Organics and may not be used without written consent of the owner. Prices subject to change without notice.
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