There is nothing illegitimate about investing through the Cayman's or any other tax haven. Most multinational US companies trading on the big boards have subsidiaries located in tax havens; that is a fact (read some OECD literature/statistics).
CELG would not be involved with a fraud; a $15M investment is not large for them, but it is large enough that their professionals did their DD before investing.
Read my board and you will see I am the first to call 95% of OTC companies frauds. I don't know how the PPS will move with this ticker (no one does), but the company is not a fraud.
It is important to distinguish between P&D's and legitimate high-risk tickers; each should be traded in a completely different manner IMO.
There are at least 4 institutions that bought in recently. TNGN now has 33 million in the bank and celgene is backing them so I'm sure if they need more money celgene will be there for them
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