Blackcat--you again misrepresent the facts
The contract between TAUG and ITL was made public. I have read it and also read the court documents. There is no clause in the contract that required milestone payments. There was a clause that said that funds would be transferred to ITL as soon as raised and that only a small percentage would be retained. There was also a clause that said that TAUG would pay $2 million upon Thai FDA approval. TAUG did not meet it's obligations under the contract and now lost the exclusive license.
Now if TAUG actually made a contract that required FDA approval and publication as a condition to make more investment, this may be a good idea now. But that is not what was signed earlier. So I am suggesting to tell ITL that we will invest $2 million as soon as the FDA hold is lifted and we want the right to make this public. That would be a hot press release and a great investment.
Good luck to us, maybe others have better ideas on how to make enough value to cover this dilution? I gave my opinion. Am finished now unless you give more false or misleading info.
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