Dear shareholder,
Thank you for your inquiry. In order for Bard to earn its full interest the company must issue an additional 515,000 shares (100,000 to be issued at month end). In addition, the company is obligated to make Advance Royalty payments in the aggregate amount of $65,000 payable in cash or shares at the election of the Company on or before July 1, 2012.
Regards,
AGORACOM Investor Relations