Replies to post #25409 on BioSante Pharmaceuticals, Inc. (BPAX)

[Just the facts maam]

QyQ, Check out page 226 and 227 of the S-4/A. It shows how Przybyl turned around the company ANI. He got to the point where they will be starting to show profits and are now ready to start trading publicly. He did a similar thing with Akorn before getting them listed.

S-4/A

From what I can tell the long term debt was retired by issuing ANI series D shares. And it looks like they will be retiring or reducing their revolving line of credit. Biosante's will be used to replace that no doubt.

So with Tang's debt being paid off May 1st , 2013, the merged company will be pretty much debt free moving forward.