Show me. Show me where a company takes out a convertible promissory note and then gets bought out for the SOLE reason.
Show me. It's easy to sit there and say this. I am not talking about a company getting funding to further do their work. I am talking about a company who isn't doing anything, takes out a convertible loan and then gets bought out for that SOLE reason.
They said ... "buyout 100%".... It's exactly what they were saying.
The whole objective of a small biotech company is to either get funding or get bought out!
MimiVax is funded through some serious institutions.
If a "Big Pharma" offers to buy you out... you take it LOL. I have never heard of a biotech company saying "no" when a deal is placed in front of them. If a "Big Pharma" thinks your good enough, then you generally are good enough and will be compensated as such.