That's the problem. I don't really know what the deal is other than BIEI has access to $600K in exchange for some unspecified amount of shares. My hope is this is explained in the upcoming 10K. But you have to assume that it is at a better exchange rate than their previous deal with the 122M shares of stock with Redwood. Otherwise they would not have canceled that deal.
One a side note, when I look at the deal BIEI made with LaBorde, I can't help but wonder why he would make that deal where he supplies all the knowledge to get the pain relief division set up, but he only gets 11% of the profits. It seems like BIEI must have more to add to this side of the business. Maybe someone can help me understand this.
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