Home > Boards > US OTC > Biotechs > GeneThera Inc. (GTHR)

I see that Genethera finally announced some serious

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (3) | Next 10 | Previous | Next
Investors3 Member Profile
 
Followed By 1
Posts 44
Boards Moderated 0
Alias Born 03/19/15
160x600 placeholder
Investors3   Friday, 04/06/18 02:08:27 PM
Re: Investors3 post# 4159
Post # of 4205 
I see that Genethera finally announced some serious financing:

https://www.sec.gov/Archives/edgar/data/1017110/000101711018000003/0001017110-18-000003-index.htm


"On November 20, 2017, the Company entered into a Stock Purchase Agreement in the amount of $250,000 for Preferred A Stock, as the first payment based on the Letter of Intent, which was executed on November 30, 2017.

On November 30, 2017, the Company entered into a Non-Binding Letter of Intent for $5,000,000 from an unrelated entity. On December 13, 2017, the Stock Purchase Agreement was finalized with the $250,000 investment with the Company. The Milestones are as follows: The initial investment was provided at the Sign of The Letter of Intent in the amount of $250,000; the Second Milestone entails for the Company to Finalize Lease Agreement in collaboration with GTI Research, Inc. to a Fully Operational Level, Complete GeneThera Financial Statement for the Form 10-Q period ending September 30, 2016 and file it with the Securities Exchange Commission on or before March 31, 2018 in the amount of $300,000. The third Milestone must cover GeneThera’s Regain of Full Compliance with the SEC Financial Requirements in the amount of $1,200,000; the Fourth Milestone covers the Design Assembly and Validation of Advanced Robotic System in the amount of $1,500,000 and the Sixth Milestone entails to Enter into an Agreement with Government Organization and/or Private Company."

Looking at their website, which may be out of date, it looks they are still focusing on food safety...even though there are other potential lucrative opportunities out there for their proprietary testing technologies, ie. look at the article that I previously posted!

http://www.genethera.net/en/index.php,



Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (3) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist