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bonamassa

01/30/15 9:52 AM

#21876 RE: Rhenarium #21875

Would like to differ; the "safe" assumption would be to take the release at it's word; ie, did not renew "exclusive" agreement and are still negotiating with TPS. No mention of elimiating TPS.

On January 22, 2015, management of the Company sent written notice to Trestles Pain Specialists, LLC, a California Corporation (“TPS”), that as of close of business that day, that the Company was not going to renew the exclusive Consulting Services Agreement dated January 23, 2014, and all amendments thereto (collectively, the “TPS Agreement”). The TPS Agreement was previously filed with the Securities and Exchange Commission (“SEC”) as Exhibit 10.1, which exhibit is incorporated by this reference, on November 19, 2014 in the Company’s Quarterly Report on Form 10-Q. Although the TPS Agreement was not renewed, the parties continue in contract negotiation discussions.
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Richpou

01/30/15 10:09 AM

#21883 RE: Rhenarium #21875

I agree.. But they didnt lose the source.. they just didnt renew the contract.. ( which we can all agree I am sure that was pretty favorable to TPS over PXYN )