$PVCT: Form 4 Filing -- Insider Buying

Peter filed a Form 4 today in which he bought another 133,333 of common stock, a cash expenditure of $100K.

This purchased related to Eric and Peter's prior purchases of common stock at $0.75 per share in the October raise for which Form D filings by each of them previously were made. Investors in this fund raising placement were issued one 5-year warrant for each common stock share purchased (i.e., 1-to-1). The warrants have a $1.00 strike price.

$PVCT: Form 4 Filings -- Insider Buying

Eric and Peter filed Form 4s today in which:

• Eric bought 666,666 shares, and
• Peter bought 133,333.

It appears they were two of five investors who bought common stock at $0.75 per share in the October raise for which the Form D filing previously was made. Investors in this fund raising placement were issued one 5-year warrant for each common stock share purchased (i.e., 1-to-1). The warrants have a $1.00 strike price.

Since the raise had to take place after the PVCTP "IPO" was terminated, the premium to the then current closing share price probably was in the range of 15-25%, and 30%+ from today's closing share price.

UPDATE (correction): I misread the filing, and have since updated this post. My apologies.