September 27, 2012

Blog Reader Question

Does the conversion rate equal $4 + the closing PVCT.OB share price at PVCTP deal closing or is it $4 / the closing PVCT.OB share price at PVCTP deal closing. It is not clear one blog entry looks like a addition symbol the other looks like a division symbol.
The conversion ratio = $4 / the closing PVCT.OB share price at PVCTP deal closing.

NOTE: It appears the "target" deal closing date of next Wednesday or Thursday (October 3rd or 4th) has been pushed into the week of October 8th. Is the SPA PR, then, out next week?

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