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linsd

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linsd

Re: gsdf post# 424

Wednesday, 05/22/2013 9:15:28 PM

Wednesday, May 22, 2013 9:15:28 PM

Post# of 4034
" If we do not raise a minimum of approximately $12 million in these transactions, the rights offering will be terminated. In that event we will review our available options, which could include a voluntary bankruptcy filing"

This sounds scary.
Translate into English , it means: yo, stupid shareholders, buy more PGRX shares so that we can pay ourselves a big fat compensation , otherwise your prior investment will worth nothing .

Based current share price, PGRX need 60MM public offering to raise 12 million. But not sure who is going to buy.
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