The information presented in these FAQs about our stock offering is not complete. Offers and sales of securities are made only through our disclosure document (Form U-7) which is available for download on our Investors page. Investors are encouraged to read the disclosure document in its entirety prior to investing.
We plan to grow from within our current market of the Pacific Northwest to have a nationwide presence. This rapid expansion in distribution requires money to grow our sales force and expand our inventory to keep up with rising sales. The goal is to have nationwide distribution with representation in both the natural and conventional markets. Ballard Organics will continue to develop the best organic body care products available with the intention of diversifying our product offerings, branching out into household cleaners, laundry soaps, bubble bath, shampoo, hotel soaps, organic institutional cleaners for laundry, floors, automatic dish washing machines, and many other products. Some money from this offering will be used to develop these new products and we'll be able to develop more products when more money is raised.
We have registered with the Washington State Department of Financial Institutions to sell common stock in this Direct Public Offering (DPO) to residents of Washington State.
When we reach the minimum ($150,000) we plan to execute phases 1-6 (see disclosure document pages 23-24). We plan to more hire sales associates bring new products to market. We plan to recruit brokers throughout the country and increase inventory. If we reach the maximum for this offering we plan to, in addition to implementing phases 1-6, purchase manufacturing equipment, hire more production workers, increase our marketing footprint and expand product development.
500 shares is the minimum number of shares that can be purchased. Stock may be purchased in any amount over 500 shares up to the total number of remaining unsold shares. There are one million shares being offered in this DPO.
Stock certificates will be issued once the minimum for this offering has been reached. ($150,000). Funds raised before the minimum is reached are kept in an "impound account" at US Bank from which no money can be withdrawn until the minimum has been raised.