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Saturday, January 05, 2013 12:59:20 PM
Back in Sept O/S was 110 million mid Nov had O/S to 210 million with
some if not all covertibles paid out with this increase and rest loans paid off with the $500,000.00.
$600,000.00 was given over 6 weeks at $150,000.00 in 4 payments!!
So they do have cash now!!
They got this money for 14 million shares!
Yes dilution! But at base PPS at time at $0.05 a share!
Today as PPS goes up more money will come with less dilution!!
So say another $1.5 million now would cost us shareholders at $0.15 a share about 10 million shares which is about a third of a day trading!!
If PPS is at $0.30 a share that is 5 million shares!!
Yes dilution but will be limited as it goes on!
Also by end of 2013 I can see one test being forwarded to FDA!!!
The test is now in phase 2 and that is easier to manage as PSA was given to FDA in about 1 year!!
That test alone is worth billions!! like PSA!!
MJFF may still give us more funding!! after Jan 8-9 They get to see results before this conference yet!!
And a JV might be in works with BIG PHARM for drug!!
To uplist is easy say on AMEX or NASDAQ at different exchange!!
The PPS may only need to reach $2.00 a share to get on!! with other qualifications!!
So at 226 million x $2.00 and market of $500 million with test approved by end of year EASY!!
As PPS goes up money is easier to get at!!
Like I stated $1.5 million for 5 million shares at PPS of $0.30 is a small increase in O/S!!!
This is about to take off!!
The test for a disease is actually what will make this company money!!!
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