Replies to post #28149 on Regen BioPharma Inc (RGBP)

[bme]

The $10k per month does not sound right without condition. Otherwise, rgbp just keeps paying until they find a deal???

[ADVFN_franknstein]

If RGBP believe its science and new discoveries are at a advanced point why they then handed out 150.000 preferred shares for 0.006 a share.
Either they have not big confidence in science or even OCP isn't able to find some kind of funding/partnership for RGBP.

A non-refundable and non-contestable upfront retainer of $12,500 payment due, upon signing of this Agreement, to CIM Securities, LLC. Regen will hereby give CIM Securities, and its designees a further engagement fee in the form of a right to purchase warrants (“Engagement Warrants”) for 150,000 Preferred Shares with either a cash exercise price of $1,000 for the shares or via cashless exercise provision. CIM will purchase this Engagement Warrant from Regen for a nominal price of $100 for the warrant agreement.

Now two sharks circle the liferaft ... who will pay the bill at the end ???