I was able to find the following, but nothing more current so I do not know if the following is still valid:
"In May 2000, we acquired an interest in Chronix Biomedical Corp. ("CHRONIX"). Chronix focuses upon the development of diagnostics for chronic diseases. We issued 100,000 shares of common stock to Chronix toward a total equity investment of $700,000. Pursuant to a strategic alliance agreement, we provided Chronix with $250,000 to conduct research in an effort to develop intellectual property on potential new products for diagnosing and treating various chronic illnesses such as ME/CFS. The strategic alliance agreement provides us certain royalty rights with respect to certain diagnostic technology developed from this research and a right of first refusal to license certain therapeutic technology developed from this research. The strategic alliance agreement provides us with a royalty payment of 10% of all net sales of diagnostic technology developed by Chronix for diagnosing Chronic Fatigue Syndrome, Gulf War
Syndrome and Human Herpes Virus-6 associated diseases. The royalty continues for the longer of 12 years from September 15, 2000 or the life of any patent(s) issued with regard to the diagnostic technology. The strategic alliance agreement also provides us with the right of first refusal to acquire an exclusive worldwide license for any and all therapeutic technology developed by Chronix on or before September 14, 2012 for treating Chronic Fatigue Syndrome, Gulf War Syndrome and Human Herpes Virus-6 associated diseases. During the quarter ended December 31, 2002, we recorded a noncash charge of $292,000 with respect to our investment in Chronix. This impairment reduces our carrying value to reflect a permanent decline in Chronix's market value based on its then proposed equity offerings."
Right, I don't know why we even continued this convo...there isnt enough to tie anything together...my compter is acting nuts...i'm trying to do three things at once...and my friends think I have completely lost my mind! So, next time I will have something better for you and a focused argument!
Heres how it goes with HEB.
They made their Chronix deal in 2002 with the hype PR to find a diagnostic test for CFS.
Your PR about Chronix dated in 2005 said CFS "to follow".
So when will HEB deliver on that 2002 promo?
What do you think about this?
Why would I be pissed?
Well, Chronix BioMedical's website is down and there really isnt anything recent out there tying them directly together BUT I did find:
Chronix work on CFS:
Chronix listed on expert panel for Gulf War Syndrome:
More to come..
My take is that HEB announced this 9 years ago and here is a quote from HEB's pr on the expectation:
>>Clearly, Hemispherx fits
that criteria in the field of CFS. As such, we are thrilled to be partnering
with them on this project. Clearly Hemispherx's expertise in the field of CFS
and associated diseases, coupled with their data bank of information will
speed up our work at Chronix."<<
The question I would ask,L, is can you find anything that shows any progress over 9 years on this expectation.
Unfortunately my experience has seen many of these type of expectations created by HEB that never happened.
Hate to sound negative but want to be upfront.
Let me know what you think and stay in touch even if you are pissed.