I strongly urge you to do some real DD on Damaj. He was a disaster as APRI CEO. He makes terrible business decisions and sqaunders company funds. Just look at the Finesco Scomedica fiasco. After what Damaj did to APRI, it would have been difficult for him to get hired as CEO of a decent company. Therefore, he goes to INNV where he's the major shareholder. Regarding his loan to INNV, IMO he did this because he feels confident that he can BS his way into a public offering. INNV can then repay the loan with interest and Damaj will receive an outrageous salary and bonuses until the funds dry out. IMO, Damaj only looks out for himself and has no concern for shareholders.
Damaj may be able to hype INNV into a higher PPS, but it probably won't last. Be careful. There are much better places to invest. I would not look to hold onto INNV long term.
Those notes were automatcally coverted to INNV stock when Fastrack merged with a OTC traded company and became INNV. In some sort of settlement between APRI and INNV, Apricus acquired the other 50% of Prevonco from INNV for $25,000 cash and the INNV stock. It was in the filings.
I believe that APRI owns 100% interest in Prevonco. Before Damaj left APRI, Apricus Bio held 50% interest in Prevonco. If memory serves me correctly, after Damaj was booted, APRI acquired the other 50% interest in Prevonco from INNV for the INNV stock which Apricus held and $25,000 cash...
That's right, Al. Also, on December 2nd Bic said that France would deny National Phase Approval of Vitaros. Why does Bic often make such ridiculous statements. Is Bic a desperate short? Is Bic here simply for entertainment purposes? Who knows? What we do know about Bic is that he is a WELCHER.