williamshanshan, page-9

My question to you is Why then do the need to issue approx 57,000,000 shares to mr Laurence Freedman @ 2.6cents to raise $1,500,000?
(wli:
1. PRR board needs more capital for worst case and the deal could be made after the 12million fund and DNDN positive result, imho.
2. PRR is a business and is trying to commercialize the CVav, which require put enough resource internally or externally.
3. It is evident that if CVav could be successful in Phase III trials, everyone who has the PRR shares is winner but...
Small traders or bettor or investor could say bye bye any time but the PRR board cannot do.
4. I believe all of things the PRR board do is to take less risks to get CVav into the market and would use everything it could use)

Now second part of the above question is This placement to Mr Freedman needs share holder approval, this being the case, I assume that PRR have not received the money yet, would you agree?
(wli:
1. not sure but should be in place unless the deal was done before PRR board was in panic(when only 2million dollars in hand);
2. You have great cancer cure but you could not get any cash;
3.You could not do anything better than put PRR into receivership. No mercy at all without matter how great CVav is.
4. In this sense, the market cheered for the 12million fund and put PRR price back to 1.5cents.
5. Most of us want to take so we could lower the significance of the 12 million funds and the share issues at $0.026, which make me more confident on PRR board)

Then do you think that it is in the best interest of the company share holders to dilute the shares in this manner?
(wli:
1. in the bloods, it is the deal for the best interest of the company and shareholders.
2. I do feel the $0.026 share issues and 12 million funding are implemented as backup for each other.
3. It is not easy to lend and borrow at moment for everyone since the worry of the bloods)

****
I understand your concern about the dilutions of the shares.
1. However the dilutions only happen when no enough value in the box.
2. The market is more clever than most of us.
3. When we worry about dilution, Mr Market knows the value is less than the expectation of the owners.
4. No free lunch and no any board would give out the money to others except some of them try to give themselves more.

***
1. Don't take my words too serious.
2. Follow yourself only and never leave any room for you to blame anyone else if you lose the money.
3. You have to be comfortable to put your money in other people's hand.
4. If not comfortable, you need to stop what you are doing without matter how promising the future and check your risk profile until you are comfortable.