If the Minimum Number of Applications Specified in the Disclosure

question 8

Multiple Choice

If the minimum number of applications specified in the disclosure document is not received, all application money must be refunded to applicants. The minimum number of applications must be received within:

• A) 4 months after the date of the disclosure document.
• B) 1 month after the receipt of the first application money by the company.
• C) 13 months after the date of the disclosure document.
• D) 75 days from the date that ASIC gives its approval of the disclosure document.

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Definitions:

Life-Support System

Technology or equipment designed to maintain human life under critical conditions by providing necessary conditions or vital functions.

Embryo

An early stage in the development of a multicellular organism, following fertilization and before fetal stage in mammals.

Amnion

Prenatal life-support system that is a bag or envelope containing a clear fluid in which the developing embryo floats.

Placenta

A life-support system that consists of a disk-shaped group of tissues in which small blood vessels from the mother and offspring intertwine.