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Charleoi

08/08/06 10:56 PM

#5778 RE: mocosarge #5773

"NMKT hasn't given anything away yet. Remember, they are not giving away, they are giving a dividend. "

No. NMKT is owning a majority % of the new company, of which Intercell contributes nothing but liabilities (and a public listing). NMKT will not own 100% of NMKT China now...only a majority %...with the balance in the hands of Intercell shareholders. Phil gave away part of NMKT China in exchange for a public listing, $400k in unfunded current liabilities and a company that was rejected for Chapt 11 protection. Quite a deal.