I hope you're right about the milestone shares being for one milestone only. The way the agreement reads to me is that Cortendo gets milestone shares for all the milestones. I don't see anything that states just one milestone. This looks to me like Cortendo is using the milestone payments to acquire ANP for just the cost of the milestone payments and they'll get ATL 1103 for a song. This appears to me to be a deal that is heavily in Cortendo's favor.
Lifted from IPO, page-29
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Last
7.9¢ |
Change
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Mkt cap ! $83.73M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 12 | 927041 | 7.9¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 8.1¢ | 218878 | 1 |
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