Replies to post #3266 on OTC IPOs, Mergers & Other Material Events

[Big Brother]

Sold half at a nice profit, still holding the other half @ .0288 average.

Wonder what the 'market rumors' were, I never saw any rumors, nor did I see any rumors posted anywhere, only thing I saw was what was in their PR's and SEC filings.

The biggest issue was that they are in default of their loan of $34M, and the lender could potentially seize their assets. However, it seemed to me like they had plenty of cash on hand to starve them off, until potential FDA approval, and a possible new revenue stream.