RE: RE: RE: what the ....!!!
1) There are currently about 100 million shares at 40 cents, or 40 million dollars in stock out. The company then wants to sell 59 percent of the company for 35 million. The math doesn't work.
2) The company needs about 30 million to run stage 3 tests according to earlier posts. 35 million gets stage 3 done but isn't starting to set up actually selling the product. They still need more agreements to actually get to where they can move product and make money. Stay tuned for more dilution.
3) The recent deal with the Japanese firm gave Protox $75 million for rights to Japan only for a single product. Potentially Protox says good-bye to a big deal to make a little one and give more away.
What are these people thinking?
I think shareholders are getting screwed and someone other than shareholders is profiting from it. It isn't likely to be proven but it's likely to be accurate.
Grant.