Ushering in new era! Here we go! Ok. So it looks like the joint venture that has been funding us has agreed to shares and cash to clear up what we owe them. These 2 men, Bill Conner and Paul Kalata will own more than 40 percent of the shares. They obviously believe...
It sounds like we may have deals in place for licensing and perhaps commercialization of our technology. It also sounds like it was necessary for Biosenta to get rid of the joint venture in order to make future deals (too many chefs in the kitchen). I also thought it was important to note that "any delay in closing could further result in lost opportunity costs to the Company in respect of finding and advancing conversations with potential licensing partners."
Further, the part that stated Biosenta would have exclusive rights to its patented technology, too.
Overall, this seems to explain why the Voran deal was called off. I think we may have something better coming our way moving forward.
Let's see what happens during the next few weeks. I think we may be on to something here!
GLTA...yes, even you UNKLAL
Bandit22