on 11.11.10 the Avexa board invested $1.5M in Allied Medical and the Coridon vaccine work of Prof Frazer and in return received 24% of Allied shares...
Yesterday BioMD (BOD) and Allied have agreed to merge/reverse take over with BioMD issuing Allied 430M shares @ 6c.
24% of 430M shares is about 100M shares that AVX now owns in the merged entity.
AVXs investment in Allied has increased from $1.5M to $6M on paper in 3 months...
