GREY:BIXZF - Post by User
Post by
shortthemktson Aug 14, 2009 2:23pm
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Post# 16219960
buried in the press release
buried in the press release BioExx CEO Chris Carl has sold shares to generate after-tax proceeds sufficient to repay a loan to the Company (as disclosed in the BioExx financial statements), in the amount of $250,000 plus accrued interest, that was not due until March 2010. Mr. Carl also anticipates selling a small percentage of his holdings over the balance of the year to raise necessary funds to repay some third party debts incurred in the past six years during the building phase of the Company.