QTXB says seeking bus combo I believe in filings but has CDs. big spread too. can get shares on bid. never know could bounce in a jiffy to .02 if something happens. but it def gets whacked.
had MOU
Memorandum of Understanding
On February 27, 2017, the Company entered into a memorandum of understanding (“ MOU ”) with an unrelated third party regarding the sale of certain assets pertaining to the Company’s Diagnostic Business, including the intellectual property, trade-secrets and diagnostic applications related to the Company’s PadKit technology and the lateral flow diagnostics technology. Under the MOU, the Company retains all rights and assets necessary to pursue marketing the over the counter miniform products for female hygiene and hemorrhoid treatment. If the transaction outlined in the MOU is completed, the Company would receive a $1.0 million cash payment at closing, a 15% percent ownership interest in the acquiring company and future cash payments ranging from 1.5%-2% of gross revenue generated from the Padkit and lateral flow technologies. The MOU is subject to numerous contingencies and conditions, and there is no assurance that a transaction will be completed.
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