BioSante Pharmaceuticals, Inc. (BPAX)

[QyQ]

JTFM, Prof..

Ya, my understanding also same. Only count on voted shares. The winner of Yes or No dictates if it is approved. This round no need requirement of majority shares as it's done under 'reorganization' banner and not 'new merger'. That's why I said 'THE MERGER IS DONE DEAL'

JTFM,

I'm kind of agree with you wait after the merger (since we can't do anything now) and decide whether to file lawsuit. We should have more informations to build out case then. After the merger, these crooks can't get away so easily for what they done to loyal bpax shareholders.

How about GVAX deal? This is different from the merger. We had stronger case on this matter. Selling GVAX for $1m is a steal. I know you still waiting for royalty and milestone payment terms to justify. Don't high hope on this as Simes said to you over the phone call, the terms are industry standard. So selling for $1m with standard terms make sense to you? Should we file lawsuit on this matter first once the deal terms are clearer?