They would have to do a reverse split and or buy back shares.
As an investment being what is coming down the pike for them they should buy back shares. The pps will not be 10 cents a share in September!
Good news,
Transition Holdings
On December 18, 2008, the Company entered into a license agreement with an Ireland-based investor, Transition Holdings Inc. (“Transition”), for certain of its non-core technology. Under the agreement, Transition agreed to acquire a license to the technology for $3.5 million in cash. As of April 30, 2009, the Company has received the entire $3.5 million in cash under this agreement. The Company expects to apply the proceeds towards its retinal epithelium (“RPE”) cells program.
