Re: IS ptsc backing out of crossflo merger?

Mosaic ImmunoEngineering is a nanotechnology-based immunotherapy company developing therapeutics and vaccines to positively impact the lives of patients and their families.

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Sedley

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Re: IS ptsc backing out of crossflo merger?

in response to

IS ptsc backing out of crossflo merger?

aimgator

posted on Oct 09, 2009 05:24PM

IS ptsc backing out of crossflo merger?

No. They are litigating with principals.

Note they also have positive things to say about the Baroni review.

The Board of Directors has endorsed this reorganization of the Company with the intent of providing a new generation of leadership that will transform Patriot and its wholly owned subsidiary, PDSG, into a more innovative, integrated and global company. The changes being made are intended to accelerate the transformation of the PDSG acquisition and enable a faster implementation of its strategic direction.

The Company will seek management with appropriate industry expertise to accelerate that growth. In that regard, the Company has retained Eclat Consulting LLC of McLean, Virginia to assist the Company in its search for a Chief Executive Officer and to assist PDSG with the completion of its business plan and the acceleration of its revenue stream. Additionally, the Board expects to receive a favorable independent technical assessment of PDSG's flagship Crossflo DataExchange® product (CDX) within the next two weeks