Propanc Biopharma Inc (PPCB)

[the gipper]

Propanc has the money!
1.2 Million, The Principal Amount of the Debenture accrues interest at the rate of 5% per annum. Under the terms of the Purchase Agreement and Debenture, $2,800,000 of the Investment Amount will deposited into a deposit control account and such amount will remain in the deposit control account pending the achievement of certain milestones by the Company and the satisfaction of certain equity conditions set forth in the Debenture.
For an infant biotech, these terms are outstanding! The 5% interest rate on the initial 1.2 Millioin is very reasonable, and the additional dollars are dependent upon milestone achievement. This is not a open credit card issuance! Accountability and discipline! Looks very good. PPCH is getting ready for a serious move which may begin tomorrow. We'll see how the market likes this, but it looks very good!