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re-actor

03/14/12 9:53 PM

#13755 RE: Just the facts maam #13752

What strikes me as odd, is that the 10K states:

The Company currently has a commitment with Aptar Pharma to purchase a gel filling machine for $842,740. As of December 31, 2011, the Company has paid $337,096 resulting in a remaining obligation of $505,644.

This is not just a nice gadget to have.
1) Bio T-Gel and Elestrin are both 'out-house' gels.
2) BioSante has years of gel-making behind it.
Why the need for a gel filling machine now?

So now BioSante has has the patent out to produce LibiGel in large quantities, hold and dose it in specialized containers, and a gel filling machine on order. Having LibiGel as an 'in-house' product, makes me wonder even more....