Spencer Pharmaceutical (SPPH)

[read_this_n0w]

"Looks like the $245 million Hail Pharma deal may close end of april " as quoted from yahoo

http://dhnet.webdisclosure.com/actualite.html?id=113377

The investment manager for Gulf General Insurance, Union Insurance, Al Mal
Capital, and Sheikh Abdulla Bin Mohamed Bin Butti Al Hamed is H.E. Adel
Al-Hosani and can be reached at [phone] begin_of_the_skype_highlighting [phone] end_of_the_skype_highlighting.

Upon the execution of the reverse merger, name change and change of
business, the company will have a total of approximately 50,015,500 shares
outstanding and its opening balance sheet will have no less than EUR50
million in cash and or cash equivalent (non-rated corporate short-term
notes, 90 days, 4% interest, conversion feature) as well as EUR150 million
in long-term corporate debentures (non-rated corporate debenture with
conversion feature) for a total of $200,000,000 USD in net Assets and no
liabilities and therefore EUR8.00 per share of net assets. In addition to
the Assets, a total of 24,500,000 shares are issued and reserved for
acquisitions valued at over EUR245,000,000. The company's market makers
expect to begin trading post reverse split at EUR10.00 per common shares.

Website

Hail First Pharma Inc. is currently constructing a website which will be
hosted at the following URL: www.hailfirstpharma.com

Mailing Address:

The main address for management will be at the following:

Hail First Pharma Inc.
Dubai Airport Free Trade Zone
PO BOX 54620
Dubai, 54620, United Arab Emirates

Operational Addresse(s)

The operational addresses, laboratories and research facilities will remain
at their current locations in Canada and France. The said locations are
that of a series of partnerships being acquired and are expected to be
concluded by end of April 2011.