VistaGen Therapeutics Inc (VTGN)

[Investman432]

What can a shareholder infer from this agreement by Platinum to convert Secured Notes in the event of Qualified Financing by August 31st? Is there any chance a QF occurs? Obviously, this is not a big concession from Platinum, since any new investor will recap the company and crush existing holders -- agreeing to convert to common would be just the first step of a negotiation. More plausibly, company will get taken over which would wipe out common. Not a chance BGMO magically appears with $36 mm they promised without doing a lick of due diligence, since BGMO was slammed into the ground by SEC a year ago and has gone silent (as in dead).

VSTA's value is the IP -- since there are no commercial operations or revenue. IP in stem cell assay have value to some players, but not huge, given changes in patent enforcement.