Wednesday, September 29, 2004 12:14:18 AM
According to the PR, this investment makes Biofrontera a $51 Million company, of which we'll own 52+-%. So we are going to be able to show an additional $25 Million on our balance sheet (52% of $26 Million - the current value of Biofrontera, and 52% of the $25 Million we have committed to provide.
It's kinda like taking $25 Million out of one pocket and putting it in the other...lol But in addition, you now will own 52% of a small molecule drug pipeline, and 52% of the development agreements Biofrontera has with companies like Shering.
Not bad for a company that only a year and a half ago had $10 grand in cash.
JMHO, of course.
W2P
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