Skye Bioscience Inc (SKYE)

[Vinpat]

It was actually closer to 3 million shares. I don't remember if Hollister was involved in the deal but he may have been. It was a deal done through a shell broker and they paid a typical price for a start up biotech at the time. Not ideal but it really is the cheapest and cleanest way to go public if you have limited cash. I think they might have gone a different route if they could have raised more than $2 million when they started 3 years ago. The shell guys always get out as quickly as they can and move on.