JilCat Asks for Comments to Possible Stock Offering
JilCat Industrial Marketing Group, Inc. (“JilCat”) is making this “test the waters” proposal to gauge possible interest in Rule 506(c) offering of its stock.
JilCat will be selling environmentally safe, nano-technology-based lubricants for cars, industrial equipment, weapons oil, the transportation industry and the shipping and aircraft industries. The products are EPA-registered as non-carcinogenic and non-toxic to humans and the environment. (No California Prop. 65 notice is required.) The unique nano technology creates a tough, incredibly smooth micro coating on moving parts, dramatically reducing friction and wear. The U.S. military has tested the weapons oil, used it for a number of years and continues to use it.
JilCat is proposing to issue up to 1,000,000 Preferred Convertible Shares at a purchase price of $1.00 per Share for a maximum subscription of $1,000,000.
One dollar ($1) on every weapons-oil product /gun-functionality service agreement kit sold would be used 1) to pay twelve percent (12%) simple annual interest on the purchase price of each share in this proposed offering and 2) to reimburse the amount each investor paid to purchase shares in this offering. Once those amounts are paid, the shares would convert on a 1 to 1 basis to JilCat’s common shares. In other words, investors in the proposed offering would receive back their investment plus 12% interest – and then still have ownership of common stock in the same number of shares. Currently JilCat has 7,345,000 common shares outstanding.
JilCat’s web site is located at www.jilcatproline.com and its Facebook page is located at www.facebook.com/JilCat85Proline/. Please see the web page in particular for much more detailed information about the products and for testimonials. If you think you might be interested in the JilCat offering, please send an email to JilCat@methvenlaw.com and we’ll let you know when the offering begins. If you have a sense of how much you might invest – or if you have any comment on this proposed offering – we’d love to know that too. Please note that this does NOT commit you to anything. No money or other consideration is being solicited and, if sent, will not be accepted. No sales will be made or commitments to purchase accepted until after JilCat begins an actual offering. Any indication of interest is completely non-binding.