I sure would like to know the real history of this note purchase. Why were corporate funds (raised by issuing discounted stock in a rights offering) used to bail out a bank on a non-performing loan at par? I don't think Swenson has a clue regarding any type of real estate transaction. Did he not even check to see if taxes were current on the real estate that collateralized the loan? Let's see if I got this right: The company paid $1.2 million for the loan, lent the borrower an additional $300,000, took a deed in lieu of foreclosure, and then paid $210,000 in back taxes. Now they have a 30,000 square foot vacant property with an asking rental rate of $2.50 per square foot per year NNN (net of all expenses). If they could get their asking rental rate, the property would be worth at most $30 per square foot or $900,000, and this doesn't include transaction costs for the lease or sale of the property. So now we're looking at a loss on this investment of close to $900,000 not including the opportunity costs. In my opinion, the purchase of this asset was a mis-use of the company's funds and a violation of fiduciary responsibility.
Coconut oil is well known as a natural treatment for vaginal atrophy. Since the company blends their estradiol with coconut oil, it's not surprising that it has some efficacy. I'd be willing to bet that if they just put coconut oil in the placebo softgels, that they would not see results that were significantly better than the placebo.