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Rover_az

01/08/13 6:24 PM

#2706 RE: foggdogg #2705

"We formed a BVI corporation, Proteonomix, Ltd., that will issue to all shareholders.....

This states that the new BVI corp will be called Proteonomix, LTD.

"We plan to leave the StromaCel technology in the Company and change the name of the Company to StromaCel, Inc.

This is what they will do to existing PROT entity.

Yes, it was written poorly, but that is what it is....That is what I understand from my discussion with them today
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Rover_az

01/08/13 7:20 PM

#2714 RE: foggdogg #2705

you are wrong.
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rubs1

01/08/13 7:29 PM

#2719 RE: foggdogg #2705

To me the PR clearly says that the new spin off company will be called Proteonomix, Ltd, and will be a British Virgin Island corporation, and that new entity will not be involved in the clinical trials. That corporation will hold the intellectual property (other than the StromaCel technology) of what is now PROT. The rest of the company, including the StromaCel technology, will remain with PROT, and that PROT, at a later date will change its name from Proteonomix Inc to StromaCel, Inc. Also, I saw someone post that the new company would be trading in the multiple dollar range.....where did that come from? wishful thinking?????