BioVie Inc (BIVI): Perhaps they did mean "qualified" rather...

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someconcerns

Re: loanranger post# 236

Thursday, 04/21/2016 9:48:34 AM

Thursday, April 21, 2016 9:48:34 AM

Perhaps they did mean "qualified" rather than "non-qualified." But that issue may best be addressed by asking management which they meant, rather than our speculating. Also, one of the other requirements for "qualified" investors is that they also have either an annual income of over $300k OR an asset base in excess of $1mil. Those numbers are just off the top of my head, being a "qualified" investor in other private companies.

Thanks for added links for people looking to see whether to do some DD, admittedly difficult with the limited information presently available.

1. We know that the drug LAT has been working on is approved for use in hospitals in Europe.

2. We know they received orphan drug approval from the FDA in 2013.

3. We know they did not dilute NNAB shareholder interests because they are cancelling the same number of shares as they issues to LAT shareholders.

All of these are hopeful signs. Any more?

All I say is IMHO and not to be construed as investment advice. I know nothing, as informed frequently by my wife.