Negotiations with Al-Dorra Holdings Inc./Hail First Pharma Inc. The discussions for a cash buyout to Spencer shareholders shares by Al-Dorra Holdings Inc. and Hail First Pharma Inc. have been revised by Hail First Pharma Inc. In the alternative, Hail First Pharma Inc. has presented an offer to purchase the assets of Spencer in a share and royalty transaction. Negotiations are ongoing and there can be no assurances that such transaction will be completed. To date, Spencer has not received the $1.2mm signed with the extension agreement of March 16th, 2011
"To date, Spencer has not received the $1.2mm signed with the extension agreement of March 16th, 2011"
1) "Hail First Pharma" (suspended today, afetr the latest SPPH lie -sheet) is a Canadian company set up by Jean François Amyot and other SPPH insiders. It has nothing to do with any Middle east investors at all.
2) SPPH has nothing of any value. The SR technology described in their PR today is both commonplace and has no distinguishable IP. There are many such forms available already, and SPPH are literally years and tens of millions of dollars awat from ever having an approvable product.
You can buy rela Pharma companies with NDAs and sales for less than Al-Dorra/Al-Dora/Al Durrah/ Hail First Pharma have supposedly offered for SPPH.
Real billionaires/millionaires pay cash when they want to buy something.
They don't issue gobbledygook PRs that require a PhD in Math to understand.
This buy-out will never happen,and it never was intended to happen.
I still think this stock will run up! Spencer obviously has something that someone wants or there would be no offers from anyone! .02 is cheap to take the risk. AS A LONG TERM INVESTMENT My opinion is this is worth someone putting 500.00 dollars or so into it to see what happens.
I have 25k at .03, and paid 750.00, I'll let it sit, it's still better odds than Vegas!!