A lot of pretending there?-which is the point
Place yourself in the shoes of a Salmons/Gunzburg. You want to take AN from private to public. You have your business goals. Be it expansion of your facilities (cell banking?), or trying to find a home for BIAB while it's still under patent. Thru a share subscription involving warrants you hope to raise $N.
Or is the scenario AN is going to throw everything they raise, to PMCB? As in screw their own business goals.
Neither does "of up to $100 million USD for a 36-month term" means AN will receive $100M. "Up to" will probably mean a fraction of that amount. Maybe enough to meet AN's specific business goals. But that won't involve PMCB receiving funding. Remember, history says PMCB is AN's ATM cash machine. Not the other way around. PMCB acquiring AN subsidiaries, assumed all debt for those AN subsidiaries. While paying AN $Ms more for a license on a now expired patent. It's ridiculous for PMCB SH's to believe AN is now going to throw $Ms back to PMCB. Note: Such a "gift" from AN would require an 8K. Until an 8K appears out of the vapors, it's all imaginary for PMCB SHs.
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