InvestorsHub Logo
Followers 2
Posts 133
Boards Moderated 0
Alias Born 04/28/2009

Re: BiotechValues post# 78

Saturday, 05/02/2009 11:43:13 AM

Saturday, May 02, 2009 11:43:13 AM

Post# of 874
Any info on $3mil convertible debenture that was due 3/31 and if converted at SP in March as per their condition, it will increase outstanding sharecount by 45mil shares--almost doubling share count.
As per their 10Q report, current biz plan to build RE project with own money and gettting paid over 20-25 yrs is not feasible in current credit crunch when co does not have a lot of cash on hand to start with. Thaat is what management has said in 10Q

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.