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Paramagnetic Beads and QL Analyser are Proprietary Products

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Message: Ante

Wow,

Three questions for you:

  1. Are you a qualified investor?
  2. How many shares must an investor own to not be identified as a small shareholder?
  3. How many of the current 1,318 shareholders of record own millions of shares?

To your statement regards an Investment Banker, I have no experience in raising funds via a PIPE without the participation of an Investment Banker.

FYI, of the 55.6 million shares issued, 27.6 million are held by the Directors, the CFO and Saunders; which leaves 28 million to be held by the remaining 1,312 shareholders of record. According to your previous posts, you and your colleagues have been accumulating shares for years; are you, therefore, the group of shareholders that own millions of shares? If so, Did Dr G ask you to particiate in this financing? If yes, will you have to report to the SEC the fact that you own more than 5% of Cardiogenics?

Ante

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