I see this company as a nice one for the watchlist, and maybe to begin accumulating soon. I looked at their site after being directed to the company by a friend www.puramedbioscience.com; they have some interesting products. I believe they're ready to start making revs now that they've received their initial capital funding it looks like they're getting in gear:
"Russell Mitchell, CEO of PuraMed Bioscience. We are extremely pleased and excited regarding the investment of this initial capital via a private placement especially given the status of our economy. This initial capital is sufficient enough to enable us to begin the execution of our comprehensive business plan. Additional announcements detailing our progress are forthcoming."
From their latest 8k:
On March 17, 2009, PuraMed BioScience Inc. (the “Company”) completed the sale of 2,000,000 shares of common stock with total proceeds of $120,000 to an accredited investor without any general solicitations. Total commissions due were $0. The shares were offered and sold in reliance on the exemptions set forth in Section 4(2) of the Securities Act of 1933.
All of these factors lead me to this conclusion:
A) The company has received a capital injection which should help it roll out its business plan and will hopefully lead to more favorable announcements
B) There is a financier who has received 2,000,000 shares in exchange for $120k; Which at the current bid is worth $160k; however there isn't enough bid support to allow for 2 million shares to hit the market and keep the price favorable; so what I expect to see an IR push from someone; either the company to defend it's share price, or the financiers to maximize their return on investment.
C) I still see this as a long term move because I don't see any of these parties acting too quickly on any of this
The only problem with entering right now obviously is the spread, I already was hit for some .08s, just as a test buy, will begin to bid it up as I feel more comfortable with the story; take a look at this one if you get a chance
"Russell Mitchell, CEO of PuraMed Bioscience. We are extremely pleased and excited regarding the investment of this initial capital via a private placement especially given the status of our economy. This initial capital is sufficient enough to enable us to begin the execution of our comprehensive business plan. Additional announcements detailing our progress are forthcoming."
From their latest 8k:
On March 17, 2009, PuraMed BioScience Inc. (the “Company”) completed the sale of 2,000,000 shares of common stock with total proceeds of $120,000 to an accredited investor without any general solicitations. Total commissions due were $0. The shares were offered and sold in reliance on the exemptions set forth in Section 4(2) of the Securities Act of 1933.
All of these factors lead me to this conclusion:
A) The company has received a capital injection which should help it roll out its business plan and will hopefully lead to more favorable announcements
B) There is a financier who has received 2,000,000 shares in exchange for $120k; Which at the current bid is worth $160k; however there isn't enough bid support to allow for 2 million shares to hit the market and keep the price favorable; so what I expect to see an IR push from someone; either the company to defend it's share price, or the financiers to maximize their return on investment.
C) I still see this as a long term move because I don't see any of these parties acting too quickly on any of this
The only problem with entering right now obviously is the spread, I already was hit for some .08s, just as a test buy, will begin to bid it up as I feel more comfortable with the story; take a look at this one if you get a chance
