Bob: You are clueless as usual. You have said you own 7000 shares. Who cares what u think? If you dont like the stock, sell it and go away. Thats the best plan of all for everyone. lol. And just so you know, if you ever actually spent any brain cells or time, you would know Sellers personal $ is about 16% of his fund I believe (is on an article from a few years ago online) so thats about 3,500,000 shares that literally belong to him. So your argument as usual is completely devoid of fact or reality.
Who cares about Sellers? He is some disingenuous clown that failed in the hedge fund biz, ruined peoples lives and now owns some local watering hole somewhere in Iowa. The other board members and management team in PRXI is very solid and I have full confidence that they will do the right thing by the shareholders. Just be patient and you will be rewarded.
My belief is nothing is happening here. All they had was a nonbinding LOI from a group consisting of a number of entities that needed financing. Please correct me if I am wrong but If they were to get a binding LOI or other agreement it would constitute a "material change" and require an 8-K filing.