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Re: None

Friday, 01/21/2011 8:21:04 AM

Friday, January 21, 2011 8:21:04 AM

Post# of 1467
Chardan Capital Markets was the lead in the 2MM financing that closed in June. The shares of common stock and warrants were sold in units, with each unit consisting of one share of common stock and a warrant to purchase 0.6 shares of common stock. The purchase price per unit was $0.35.

Right now it is about a dime under the cost (if my math is accurate) with Chardan (CHDN) sitting at the offer of .165.

With the stock mostly trading sideways for 3-4 months and improving technicals, this should be good to go.

Now an update coupled with a partnership w/ big Pharma could send this way past the 50 MA...

GLTA