THERABIOGEN, INC. (TRAB)

[mastaflash]

Now this most interesting:

Item 8.01. Other Events.
On November 19, 2007, our Board authorized the execution by its wholly owned subsidiary Environmental Testing Laboratories, Inc. (“ETL”) of a Memorandum of Understanding (the “MOU”) for a potential merger of ETL with and into Terra Trema, Inc., a public company. The MOU was executed by ETL on November 19, 2007. If consummated, the merger would result in Terra Trema issuing additional shares of its common stock to the Company such that the Company would own 80% of the shares of Terra Trema. The MOU is not binding on any party thereto, and a merger of ETL into Terra Trema would be subject to the terms and conditions of a definitive agreement between the parties, which the Company would be required to approve as the sole shareholder of ETL. As of the date of this Report, the Company is negotiating a definitive agreement for such a merger, but such an agreement has not been completed.
Kelly T. Hickel, formerly our Chief Executive Officer and a director, and currently a consultant to the Company, is a director and officer of ETL.

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