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Share Name | Share Symbol | Market | Type |
---|---|---|---|
AVAX Technologies Inc (CE) | USOTC:AVXT | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.000001 | 0.00 | 01:00:00 |
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
|
OMB APPROVAL
OMB Number: 3235-0287 Expires: February 28, 2011 Estimated average burden hours per response... 0.5 |
|
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 |
|
1. Name and Address of Reporting Person
*
Martelet Francois R. |
2. Issuer Name
and
Ticker or Trading Symbol
AVAX TECHNOLOGIES INC [ AVXT.OB ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__ X __ Director _____ 10% Owner __ X __ Officer (give title below) _____ Other (specify below) President and CEO |
2000 HAMILTON STREET, SUITE 204 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
|
|
PHILADELPHIA, PA 19130 |
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line)
_ X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person |
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
||||||||||
1.Title of Security
(Instr. 3) |
2. Trans. Date | 2A. Deemed Execution Date, if any |
3. Trans. Code
(Instr. 8) |
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) |
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price |
Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) |
|||||||||||||||
1. Title of Derivate Security
(Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any |
4. Trans. Code
(Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
6. Date Exercisable and Expiration Date |
7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) |
8. Price of Derivative Security
(Instr. 5) |
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Convertible Promissory Note | $0.09 | 10/24/2008 | P (1) | 55555 | 10/24/2008 | (2) | Common Stock | 55555 | $5000 | 55555 | D | ||||
Warrant | $0.10 | 10/24/2008 | P (1) | 50000 | 10/24/2008 | 10/24/2013 | Common Stock | 50000 | (3) | 50000 | D |
Explanation of Responses: | |
( 1) | The Warrant and Convertible Promissory Note (the "Note") were purchased pursuant to a Convertible Note and Warrant Purchase Agreement, dated as of October 24, 2008, by and between AVAX Technologies, Inc. ("the Company") and certain accredited investors, including Dr. Martelet. The Note is convertible into the Company's common stock, $0.004 par value per share, with a conversion price of $0.09 and bears interest at a rate of 6% per annum. |
( 2) | The Note is convertible until it is no longer outstanding. |
( 3) | The Warrant was issued as additional consideration for the purchase of the Note. |
Reporting Owners
|
|||||
Reporting Owner Name / Address |
|
||||
Director | 10% Owner | Officer | Other | ||
Martelet Francois R.
2000 HAMILTON STREET SUITE 204 PHILADELPHIA, PA 19130 |
X |
|
President and CEO |
|
Signatures
|
||
/s/ Francois R. Martelet | 11/19/2008 | |
** Signature of Reporting Person |
Date
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
Note: | File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. |
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1 Year AVAX Technologies (CE) Chart |
1 Month AVAX Technologies (CE) Chart |
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