Easton Pharmaceuticals, Inc. (EAPH)

[i_Trade]

“INTENDS to use the funds to complete various acquisitions”

There’s a road that leads somewhere that’s paved with good intentions. Most likely the money will pay the CEO salary.

“the company's growth plan which includes POSSIBLY expanding its licensed products”

Possibly? The “PLAN” is to “POSSIBLY” expand its licensed products? What a joke. CEO doesn’t even have a solid plan on how he’s going to use this dilution.

“ utilization of a POSSIBLE sales force”

Another POSSIBLE use for this convertible loan. Another direction for the company that the CEO isn’t sure of. Question though - If the Bayer deal is a sure thing than why isn’t the CEO using more certain wording about selling Bayer’s product? I’m going to guess this deal is as sure of a thing now as it was 3 years ago when it was first announced.