VXCL - another shell owned by Hudson (http://www.hudsonconsult.com/main.htm)
From the 8K:
"On June 2, 1999, A-Z Professional Consultants, Inc., a Utah corporation
("A-Z"), entered into a Stock Acquisition Agreement ("Agreement") with CytRx
Corporation, a Delaware corporation ("Cytrx"). Pursuant to the Agreement A-Z
purchased Nine Million Six Hundred Twenty-Five Thousand (9,625,000) shares of
the common stock of Vaxcel, Inc. (the "Registrant") from CytRx for two Hundred
fifty Thousand Dollars ($250,000) plus a cash payment equal to Eight-Seven point
Five percent (87.5%) of the net liquid assets of the Registrant as reflected on
its financial statement as of June 2, 1999. A-Z used funds from its working
capital to purchase the 9,625,000 shares of the Registrant's common stock. The
9,625,000 shares of the Registrant's common stock is equivalent to approximately
89% of the Registrant's issued and outstanding shares of its common stock.
Consequently, A-Z has a majority interest in the Registrant's shares of common
stock. By virtue of A-Z's purchase of the 9,625,000 shares of Registrant's
common stock, A-Z has effective control of the Registrant."
From the Schedule 13D:
The business address for A-Z Professional is 268 West 400 South,
Salt Lake City, Utah 84101.
From Hudson Web site: hudsonconsult.com
Hudson Consulting Group, Inc.
268 West 400 South, Suite 300
Salt Lake City, UT 84101
Tel: (801) 575-8073 (Dial "O" for Operator)
Fax: (801) 575-8092
Same people!
More from the Filings:
A-Z Professional's intentions are to assist Vaxcel in finding a suitable partner for a merger or acquisition. A-Z Professional intends to appoint a new board of directors.
Note, If Hudson owns 87.5% of the common stock of VXCL, I can't see a reverse split coming down the pipeline (IMO) |
