Tuesday, April 08, 2008 1:52:05 PM
As previously reported, on January 18, 2008, the Registrant entered into a nonbinding letter of intent with Nanobac Pharmaceuticals, Incorporated, and the letter of intent was amended on February 1, 2008. The Registrant has now terminated that letter of intent, and the transaction contemplated thereby will not be consummated.
This looks like the Registrant (DNAG) terminated the LOI with nonobac. "The Registrant has now terminated that letter of intent"
I can understand why Nanobac would terminate the deal, but why would DNAG terminate it?
Any help?
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