PharmaRoth Labs, Inc. (ROTH)

[old biohf guy]

Jayyy, you say stock was purchased for near zero (.003) and it was. My understanding is that this raised capital for the production of Sucanon to fill an order from MDR. Without coming up with this cash there would have been no Sucanon product to sell.

The reality is that anyone could have purchased stock at or below .004 from Dec 9 to Dec 31, 2013. The price was consistently below .007 from Oct 28, 2013 to Jan 17, 2014. Anyone had to opportunity to purchase at these very low prices. Many people did.

The following press release from July 12, 2012 describes how stockholders voted to remove Schlosser and Squire from the board. These two individuals hold 27 million shares that are frozen.

http://finance.yahoo.com/news/fero-industries-announces-corporate-restructuring-164100987.html

Mike Irving spearheaded this effort to remove the bad eggs from the company. These unscrupulous individuals, as I understand it, pocketed $100k that was intended for Sucanon production to fill a Merck order, so Fero Industries (before the name change) did not fill the order and Merck was lost as a customer.

This is my understanding of the history as explained to me, but if anyone wants to confirm it or get more detail, then all one has to do is call the IR guy.