Dr. Sebi’s Cell Food was founded by Dr. Sebi, a renowned natural healer. Products are vegetable compounds through the USHA Research Institute.
Pursuant to applicable provisions of Article 9 of the Uniform Commercial Code of California.
THE ASSETS consists of all of Debtor’s right, title and interest in and to the following :
- 2,000,000 shares of common stock in Dr. Sebi’s Office, a California corporation (the “Issuer”), representing at least 48% of the issued and outstanding, fully-diluted stock in Issuer. At the time of the auction, there will be outstanding stock options, which if exercised, would result in the Collateral representing 48% of the outstanding, fully-diluted stock in Issuer. If such options are not exercised, the Collateral would represent 50% of the issued and outstanding, fully-diluted stock in Issuer. The Issuer expects that such outstanding stock options will be exercised, however.