BB/BB - I love responding to your posts because I'm serenaded.
Essentially starting today BioShield can now talk with other entities about other deals because the period of exclusivity is over.
As taken from the LOI:
"Specifically, during the Diligence Period, neither party will commence negotiations, nor enter into agreements, regarding merger, consolidation or recapitalizations of their respective companies so long as the Diligence Period proceeds in the manner discussed in the previous paragraph."
Plus what ever happened to this part, from the same LOI?
"Except for the exclusive nature of the Diligence Period, nothing discussed or identified in this Letter shall be binding on either party unless and until final terms shall be set forth in a written agreement executed and delivered by both parties. This Letter and the contents hereof shall not be dependent upon or affected by the outcome, if any, of a proposed license arrangement contemplated by a separate letter."
I never saw a separate letter filed or a contract regarding a separate license arrangement. I wonder why? Hum, how we forget the facts.
I think I will inquire of that tomorrow.
Need to depart for the evening - take care - music ended anyway. LOL
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