The Tip of the Iceberg
We're all entitled to opinions, and mine is that these recent transactions with Pike culminate efforts first begun by Steve in 1995, with the founding of Azurel. The company eventually had financial problems and was forced into bankruptcy, from which it emerged in Dec 05. It acquired National Stem Cell soon after. In July 08, a third subsidiary, Proteoderm, was acquired. The name was changed to Proteonomix in Aug 08. There's nothing disparate in this assemblage, despite what I've seen some here write. Proteonomix produces protein polypeptides that are secreted by stem cells. The products have therapeutic as well as cosmecutical applications. It is my belief that Azurel/Proteonomix, which has a line of loungewear as well as a line of fragrances, has developed an anti-aging face cream, which is another reason why Pike has become so interested. Notice that Pike bought and sold 6 million shares of Parlux Fragrances as well as SpongeTech on Dec 2nd. Some type of stock swap/merger deal seems likely.
Steve has been the driving force behind these endeavors, serving as CEO of Proteoderm, before moving Michael Cohen over from Vanity to assume that role currently for Proteonomix. There has been a complicated history of acquisitions, mergers, reverse mergers, wholly owned subsidiaries, etc., which I won't even try to unravel.
I believe there is more to come, also, as it relates to GetFugu and Health Matrix. I suspect that Hipso Multimedia, or at least, their dormant "Doctor Speak" technology, may eventually be of interest to MM&L. I have alluded to this possibility previously, and I think it is designed to capture the medical information technology requirements of the National Reinvestment and Recovery Act, especially now that the Senate has passed their version of Health Care Reform.
Stox has told us of the possibility of a buyout, or of the creation of wholly owned subsidiaries. Everything I've presented here is nothing more than my own DD, which may be right, or may be way off-base. But in doing the DD, and then reading what stox writes, it just seems to come together for me. That's why I've been so supportive and appreciative of stox's efforts.
Joel Pensley is an interesting footnote. He is Secretary and General Counsel for Hipso currently. This makes me inclined to think that I may be wrong about Hipso, and maybe GetFugu and Health Matrix is all we need. But I found it curious that Hipso would simply abandon "Doctor Speak" at this juncture.
Right or wrong, I've presented information I've uncovered, and with news from Pike today, I thought it might be a good time to share my thoughts.
jay
ps. Some of my notes at not with me, and I'm relying on my recollection of some facts in what I've stated.
AI
