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Biotech / Medical : Provectus Pharmaceuticals Inc.
PVCT 0.0515-26.1%3:58 PM EST

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To: pincus who wrote (11484)9/28/2012 4:36:48 PM
From: roadcoach  Read Replies (2) of 13111
 
I was contacted by a broker hired by PVCT about the sale of preferred shares PVCTP and warrants. He will be sending me a prospectus early next week. His name was Andy with the Maximum Group 800-537-6923 x 3308 The details of the offering were not fixed yet, but he thought that the dividend would be 8% payable in additional shares of PVCT stock.
He thought the preferred shares would trade well above $1.00 and include warrants.
I have no idea if this is a good option for someone who wants to own more of PVCT.
He talked about PVCT wanting to raise $14M to fund phase 3.
I hope to know more next week.
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