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Tuesday, October 14, 2008 2:15:49 PM
I have seen the older private equity form. Dr. Phillips sent me a link to that once. The private equity form I saw was mostly owned by Dr. Phillips (majority holder..owned by a different co. name). It reads that you can own a "unit" of the R&D and get a percentage of the future sales, etc. If he chooses that route, and it works for him, that's not great news for us.
He might seriously be considering that route because some pinksheet short-sellers sabotaged the stock to death.
One fact remains....and that is....he DOES need the funding if he wants to grow the business. I hope he seriously considers the public traded stock option with auditing. It would definitely make his company look more attractive. Additionally by approaching it this way, he can make his company more visible.
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