takeover target?, page-3

I think you'll find it would cost way more than $15mil. You need to pay options out and either payout the convertible notes or convert them and buy the shares. Either way your ooking at much more.

Besides 1c wouldnt get shareholder support imo. We traded around 1.3c level for a lengthy period. Plenty of churn at that level. I would suspect many average around that. Maybe averaged down to 1c during the spp. They would want a profit. Wouldnt see less than 1.5c being successful.

Fully diluted that would cost closer to $50m depending how you treat the convertible notes.

Do you really think JP would let go of this money printing machine for anything below 2c? Unless somehow he kept his job at the new company.

Better to let PNO spend $$$ to establish a brand then take us over when we are crippled?

Or if you take us over then change our products name. Eg market it as Voltaren. Because as Thermalife it needs too much capital injected before its sustainable.