Mymetics Corp (MYMX)

[zenvesting]

This stock might light up sometime soon! The company has ousted the former BOD, successfully completed a test of gp41 with proienXpert SA, done a few private placements for roughly 4M shares @ $0.10, extended repayment of debt to MFIC Bank until 12/04 by giving MFIC shares that are restricted for a year!?!? The last 10Q said they are in discussions with major pharma companies pending initial results of the gp41 compound...which I think might be the tests they successfully completed in April?

They are also presenting at BIOTechno2004:

http://translate.google.com/translate?hl=en&sl=fr&u=http://www.biotechno.asso.fr/Pages/Ville...

14h00 – 14h30 Presentations Flash d’entreprises
Nucleis, Dynal Biotech, Protein’expert, Mymetics, Genzyme, IdealPharma

Here's the 5/11/2004 8K:
NEW 8-K:

http://biz.yahoo.com/e/040511/mymx.ob8-k.html

Other Events

ITEM 5. OTHER EVENTS.
On May 11, 2004, MFC Merchant Bank SA agreed not to request repayment of the ME3.2 loan granted to Mymetics Corporation before December 31, 2004, under the condition that we issue the bank 500,000 common shares (with a 144 restriction) of Mymetics Corporation as a remuneration for this extension.

The repayment of this loan, which is collateralized by a lien on essentially all of our patents portfolio, was previously due on June 30, 2004, as more fully disclosed in our Form 10-Q for the period ended September 30, 2003.