Well
they are giving / paying with STOCK
Pursuant to the term-sheet, Mosaic will issue Oncotelic shares of its common stock valued at
$15.0 million upon execution of the definitive agreement, or a combination common stock and
preferred stock to be determined by the parties, along with additional milestones allowing
Oncotelic to earn up to an additional $15.0 million in shares of common stock valued at the time
of issuance, if earned.
So where are the 15 $ Million in stock coming from
$15M @ .50 cents per share - thats 30 Million shares
If they give them 30 Million shares - Oncotelic is going to WANT those Shares to GO UP IN PRICE
I SAY:
STRONG BUY RIGHT NOW !