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frosr6

07/20/16 4:53 AM

#50343 RE: ace1234 #50339

No. They have no money. Where they going to get it?? Toxic financing next stop.
They cannot receive anymore of that $50m through their S-3 share registration agreement with Chardan as long as company is worth less than $75m by non affiliated stock holders.
Oh ya another ? is I wonder if pmcb paid Austrianova the $200k owed with what funds they have remaining.



"The Company is obligated to make additional payments of $200,000 to Austrianova under the Cannabis License Agreement by June 30, 2016."

Can read about both issues here.
https://www.sec.gov/Archives/edgar/data/1157075/000101968716005399/pharmacyte_10q-013116.htm