Provectus Biopharmaceuticals Inc (PVCT): "Cleaning house" is definitely the word...

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Provectus Biopharmaceuticals Inc (PVCT)

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Re: JAVA_1 post# 8893

Thursday, 03/23/2017 10:28:37 PM

Thursday, March 23, 2017 10:28:37 PM

"Cleaning house" is definitely the word for it; the whole company is essentially forced to resign under the terms of the agreement.

Frankly, this is a good thing. The value of this company is in its IP anyway; the clowns running the show have driven the company's value to nothing. Let's not forget that the ex-CEO was robbing the company blind right under these guys' noses.

They are getting funding not just from PRH group, but also co-founder Eric Wachter ($2.5 million apiece) within 30 days. [More is subsequently available from PRH]

Conversion price of the shares they get is $0.29

It is clear to me that this is a real effort to save the company, and these guys are in it to win it.

Should be a very interesting month.

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