Pressure Biosciences Inc (PBIO)

[namtae]

WOW, this ceo is some kind of spin doctor!!

Mr. Richard T. Schumacher, President and CEO of PBI, commented: "We are pleased that a long-term, accredited investor of the Company has offered us the ability to borrow up to $2 million under very favorable terms, including warrants priced significantly above today's market. We believe access to this capital will allow us to increase our focus on the continued expansion of our sales and marketing capabilities, enhancements in infrastructure, improvements in efficiency, and other measures that will help to increase revenue while decreasing costs as we march towards our goal of profitability."

How can a Note with a 10-18% coupon be considered favorable terms? Thats usually the default rate on most Notes!! Plus add in what looks to be 5,000,000 CASHLESS warrants, which will bring PBIO no cash if exercised

The fact the cash is being spread out in tranches speaks to the concern the investor probably has regarding its uses. As highlighted above, holders are growing very weary listening to the same old BS about using new capital to expand sales & marketing which doesnt materialize. Instead, its spent on trips to equity conferences and other nonsense. My guess is the capital comes in tranches to make sure previous installments are used wisely..

As evidence, shareholders should understand one to the contingencies for future advances is the following:

the Holder agrees to make the requested principal advance to the Company

BOMBSHELL!! This appears to be putting PBIO on notice, the lender can walk away at any time and cut PBIO off!! They arent going to watch the capital be used foolishly or for purposes other than what the lender decides is appropriate

Conclusion, its the best deal PBIO can find and it may just force them to stay on track instead of throwing money away on unnecessary garbage like these equity conferences that yield nothing