Business
United American Healthcare Corporation Announces Investor and Affiliate Debt Conversions
United American Healthcare Corporation Announces Investor and Affiliate Debt Conversions.
About this update from United American Healthcare Corp.
[{"type":"text","content":"(OTC\nPink Sheets: UAHC) United American Healthcare Corporation (the “Company”) announced\ntoday that on July 23, 2015, the Company’s Board of Directors approved elections\nto convert debt dated July 23, 2105 made by St. George Investments, LLC, an\nIllinois limited liability company (“St. George), and The Dove Foundation, an\nIllinois trust (“Dove”). St. George is\nan affiliate of Mr. Fife.\n\n \n\nSt. George elected to convert $138,336\nof the amount of the Secured Convertible Promissory Note\nissued by the Company on August 14, 2012, into 32,000,000 shares of Common\nStock, and Dove’s elected to convert $21,615 of the amount of the Secured\nConvertible Promissory Note issued by the Company on October 10, 2012, into\n5,000,000 shares of Common Stock. After\napplying the July 23, 2015 debt conversions to the St. George and Dove note\nbalances, the outstanding balance of St. George’s note is $254,631.98,\nand the outstanding balance of Dove’s note is $29,631.85.\n\n \n\nAs a result of the conversions, St.\nGeorge now owns 53,413,745 shares of Common Stock, and Dove now owns 9,478,647\nshares of Common Stock. CVP owns\n1,068,559 shares of Common Stock. After\nthe conversions, St. George, CVP, and Dove together own approximately 90.87% of\nthe 70,384,636 outstanding shares of Common Stock. Other Company insiders own in the aggregate approximately\n1.68% of the outstanding shares of Common Stock. The Company is authorized to issue 150,000,000\nshares of Common Stock. The Company is\nauthorized to issue 5,000,000 shares of Preferred Stock, none of which are\noutstanding.\n\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\n\n /* Style Definitions */\n table.MsoNormalTable\n\t{mso-style-name:\"Table Normal\";\n\tmso-tstyle-rowband-size:0;\n\tmso-tstyle-colband-size:0;\n\tmso-style-noshow:yes;\n\tmso-style-priority:99;\n\tmso-style-parent:\"\";\n\tmso-padding-alt:0in 5.4pt 0in 5.4pt;\n\tmso-para-margin-top:0in;\n\tmso-para...