It appears, from Maxim’s recent activities, that for now they are
head hunting 300 or so fellow lot holders to join the lead investor(s) for the
PVCTP “IPO.” I have received several calls, e-mails and other inquiries asking about
my thoughts on the deal details reps have been telling folks. Maxim’s approach appears sloppy. In a few
cases, one might go so far as to say it appears sleazy. The broker-dealer and
its representatives, both investment bankers and stockbrokers, get paid when a
deal gets done. The business and revenue models are based on closing
transactions. As such, Maxim has a very strong incentive to encourage Peter to
do a PVCTP “IPO.” If a Maxim rep calls you with details – as of this writing –
such details have not yet been established or finalized.
Discussions continue regarding the sale of the dermatology
business (i.e., a comprehensive PH-10 license). A dermatology deal is a parallel
effort that could push the common stock to list on the NASDAQ without a PVCTP “IPO.”
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