The Company has initiated an “off-shore” private offering of its common stock to investors who qualify as “Non U.S. Persons” under Regulation S of the Securities Act of 1933. The offering is for 50,000,000 shares at a price of $0.02 per share which if consummated in full would generate gross proceeds to the Company of $1,000,000.
On October 19, 2010, the Company’s directors and/or executive officers, each of whom is an existing stockholder of the Company, acquired 24,500,000 shares of the Company’s common stock for $0.02 per share generating gross proceeds to the Company of $492,000. If the private offering is consummated in full, the number of shares of common stock which would be issued in the offering would approximate 58% of the Company’s common stock then outstanding. Because the Company’s existing stockholders are purchasing shares in the offering, the Company does not anticipate that a change in control of the Company will occur.
Good Harbor Part Acquisition appear to gaining momentum with regards to executing a business combination:
Excerpts from recent proxy filing:
Our new Board of Directors anticipates that the Company will initiate a business involving the sale and appraisal of authentic and high quality works of art, including paintings, sculptures, and antiques in Taiwan, Hong Kong, China, and South East Asia. In order for the Company to initiate this or any business, we will need to raise capital, which there is no assurance can be accomplished.
The company will also seek to effect a one-for-ten reverse stock split.
The GeoTeam is speculating that Good Harbor Partners Acquisition Corp could be in the process of merging with an Asian firm due to the possibility of a change in control transaction.
Potential new board members:
David Chen-Te Yen has served as the Chief Executive Officer (Asian Division) of Mineral Mining Corporation, a Colorado public company listed on the Frankfurt Exchange, since July of 2007, where his responsibilities include overseeing the company’s Asian operations, including mergers and acquisitions, business development, planning and administration. From 2003-2007, Mr. Yen served as the Chief Executive Officer of De Yi Biotech Ltd., an entity which manufactures environmentally friendly containers and kitchen equipment such as disposable bowls and dishes. From 1992-2003, he served as the Chief Operating Officer of Long Yen Funeral Services, a large crematory company in Taiwan, where he was responsible for the day to day operations of the company. Mr. Yen was awarded a B. S. Degree from Taipei College of Maritime Technology. Mr. Yen has business connections in both the United States and East Asia which should be helpful to the Company in the future.
Parsh Patel has served as the Chief Technical Director of Android Inc. in Auburn Hills, Michigan since 2008. From 2005 to 2008 he served as the Chief Technical Officer of Avanti Systems, Inc. and while stationed in Taipei, Taiwan and in ShangHai, China he was responsible for manufacturing quality control and sequenced delivery. Mr. Patel was awarded a B.S. in Chemistry and Mathematics from Grand Valley State University, 1975. Mr. Patel’s experience in information technology will be helpful to the Company in the future.
Syuan-Jhu Li has served as the Chief Executive Officer of Espoir Nature, Inc., a cosmetic and herbal medicine company based in Taiwan since 2004, where he is responsible for the day to day operations of the company. He was awarded a B.S. in accounting from National Open University in Taiwan. Mr. Li’s experience with day to day business operations should be helpful to the Company in the future.
Wan-Fang Lin has served as the President of Natural Beauty Inc. of ShenZhen, China since 2004. Mr. Lin is responsible for the day to day operations of this company whose main products are cosmetics and other beauty products. Natural Beauty, Inc. is a public company headquartered in Hong Kong and listed on the Hong Kong exchange. Mr. Lin’s experience with day to day business operations should be helpful to the Company in the future.
Tzu Yung Hsu has served as the Chief Executive Officer of Guo-Xun Marketing Consultant, Inc. since 2008, a company that focuses primarily on web design, IT services, marketing and consulting for small to medium sized companies from various industries in Taiwan. Mr. Hsu’s business experience, particularly in sales and marketing should be helpful to the Company in the future.
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