"As a result of the Lifeline became Cyrcadia’s largest, single shareholder at approximately 40%. At that time the transaction was valued at over twelve million dollars. "
That is just BS.
"At the Time."
That is because they have gone to the market for MORE financing.
There is no longer 40% equity for LLBO shareholders. They are diluting again.
Then there is the sentence about completing trials this year and it has a question mark.
AS IN MAYBE??
REALLY??
There will be more dilution coming.
Sadly I was right last time and will probably be right this time.
Pricing in one more round of dilution and this has current fair value at about $.0012-$.0015
I want to be wrong, I want this company to succeed.
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