Genova Biotherapeutics, Inc.(fka GVBP)

[Potse]

LONGBEACHBOY...GVBP/KHGT relationship.....

"Is KHGT.PK what Genova bought out?"

The intellectual property that GVBP currently owns was previously the property of NextGen Bioscience (NXGB, now trading as KHGT). For various reasons NXGB's attempt to develop a pharm/biotech business (identical to GVBP's business plan) failed. Some of the reasons for this failure were out of control of the company, but most of them were self-inflicted.

NXGB was probably the most puzzling/frustrating investment I have ever made. Opportunities to develop a viable development-stage pharma/biotech were pretty much squandered by questionable decision-making from the get-go. I have followed GVBP since the pharma IP was purchased earlier this year. To a large extent GVBP is basically duplicating the same mistakes that eventually led to the downfall of NXGB (for example, the needless forward split before the company has raised any financing).

Despite the collapse in share price, I have maintained my position in KHGT (Kalahari Greentech, formerly NXGB). A pretty large, well-known, well-respected European institutional investor held a significant ownership position in NXGB at the time its pharma business model was implemented. The relative lack of volume that NXGB experienced makes me believe that investor still has a large position. Ironically, I am kind of guessing that whoever is now pulling the strings at KHGT (contact was changed to a China address) will probably do a forward split at some point. Perhaps that coupled with some promotion will allow for a decent tradeable move in the stock.....

http://www.kalaharigreentech.com/default.asp