Provectus Biopharmaceuticals Inc (PVCT): To my understanding the auditors require...

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Provectus Biopharmaceuticals Inc (PVCT)

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Re: Groscoe post# 5407

Thursday, 06/05/2014 7:12:56 PM

Thursday, June 05, 2014 7:12:56 PM

To my understanding the auditors require a line of credit to insure things continue.
They use to have a $30mm line of credit backed by shelf shares with Lincoln park capital
It was never used
Likewise this will be the same and will replace the old line of credit
Shelf shares and not dilution as a last resort
It is only dilution if they use the credit line
I understand this line of credit is required to prevent a letter of going concern.
It is not something to be feared even at this moment

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Recent PVCT News

Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/28/2024 09:32:50 PM
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Form ARS - Annual Report to Security Holders • Edgar (US Regulatory) • 05/09/2024 02:54:04 PM
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Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/29/2024 02:22:27 PM
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