This is the reply I got from Kevin at IR yesterday as I was interested in getting their perspective still. I asked how you see today's news being beneficial to the shareholder. Response below:
Hopefully they have a strategy to put this funding to use quickly to grow profitability, but I agree it seems as if it was done on unfavorable terms (at least near term). It also may give them more visibility and coverage.
Kevin Holmes Chesapeake Group 410-825-3930
These materials are provided for information purposes only. This is not a solicitation to buy or sell securities. Chesapeake has been paid a fee to provide investor relations services for Innovus Pharmaceuticals, Inc.
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