In Phase II Clinical Trials
Development of Effective and Innovative Medicines to Address the needs of Patients and Improve their Health, Longevity and Quality of Life.
Hub Controls
  • Demo Video
  • Upload Photo
  • Edit Company Profile
  • Add a Link
  • Update Fast Facts
  • Add Management Bios
  • Private Messages
  • Edit My Profile
  • View/Edit My Portfolio

Email Updates

AlphaRx > Message
Moneyshirt

Re: Michael Lee Stock Purchase

Posted by: jackfree on December 08, 2007 06:02PM

In response to: Re: Michael Lee Stock Purchase by jackfree

Sorry just to clarify something. I looked it up in April 2006 they raised "$HK 10 million (USD $1,288,826)." This was for research. They do however have the ability to raise another $7 Million US in China through stock sale if they needed for building, marketing, sales, or more research. If they wanted to still control 51% of the China sales then they could still raise $3 Million and see how far that gets them first. This is assuming the same rate of the offering I would guess they make more and try to keep control. Interesting times, I would still like to get an update about the FDA timelines.
Post a Reply

Please login to reply to this message.

Executive Address
Alrxsmall
Michael Lee
President
May 18, 2006

 

Michael Lee provides the investor community an update on recent events

View Broadcast

Stock Quote