PharmaCyte Biotech Inc (PMCB)

[lottotix]

Yes this site needs to be updated, i am hoping some will step up as co-mods here and help me out. I am dedicated to this, but 99 other things too! GO NVLX Now for starters, who can get us more info on this (likelihood of IPO, at what PPS):

NOTE 14- RELATED PARTY TRANSACTION

On February 11, 2009, the Company and Charlston Kentrist 41 Direct, Inc. (CK-41) restructured its Marketing Agreement (the “Restructured Agreement”) surrounding purEffect TM a four-step acne treatment system. Under the terms of the Restructured Agreement, the Company will transfer all of its rights to purEffect TM to CK-41 for four million two hundred-fifty thousand (4,250,000) shares of CK-41 common stock at the price of $0.01 per share. CK-41 will also grant the Company a three year warrant to purchase an additional four million two hundred-fifty thousand (4,250,000) shares of common stock at $6.00 per share. Additionally, the Company will receive a two percent (2%) royalty on worldwide purEffect TM adjusted gross sales. The restructured agreement sets minimum royalty payments of one hundred-fifty thousand ($150,000) dollars payable March 1, 2010 and two hundred-fifty thousand ($250,000) dollars payable on March 1, 2011. The Company will hold one seat on the board of directors of CK-41.