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SHENZHEN, China, Nov 11, 2009 /PRNewswire-FirstCall via COMTEX/ — Hard to Treat Diseases (HTDS.PK) www.htdsmedical.com is using this opportunity to update the shareholders and the public on the development of several previously announced events, namely Q3 financials, Intellectual Property Rights, the pending EU merger, and HTDS’ Pink Sheets “skull and bones” rankings.
Regarding the HTDS’ Q3 financials, HTDS will file the Q3 financials on Pink Sheets by the due date of November 15, 2009. The company will also follow up with a brief news update of the financials, including the progress of H1N1 of Mellow Hope, the positive future prospects HTDS management foresees with the upcoming Novartis acquisition of 85% stake in HTDS’ H1N1 Vaccine partner, Zhejiang Tianyuan Bio-Pharmaceutical Co, thus by default Novaris becoming the new partner. The research progress of its Slavica Bio Chem subsidiary, Cancer Mind Up project and its www.mindupbioresearch.com website which the company will launch this week.
The Intellectual Property (IP) dispute with Blue Earth Solutions (BESN) namely the Styro-Solve product, HTDS management can report that its negotiations continue. HTDS management is hopeful for a mutually beneficial settlement.
The HTDS’ merger negotiations with the EU based stem cell research company are well underway. The HTDS representatives have scheduled meetings, and the start of Due Diligence for November 23-25, 2009. HTDS management is exploring various options of this lucrative deal. The scenario which HTDS management is currently favoring includes a hybrid of technology – revenue sharing model. This it would achieve through its Slavica Bio Chem subsidiary which would earn HTDS licensing revenues. This hybrid mechanism merger would leave HTDS’ share structure undisturbed while at the same time HTDS’ would earn fees for technology and services exchanged.
Lastly, HTDS addresses the issue of the Naked Short Sellers again. HTDS is working continuously with Pink Sheets to resolve the issue as it affects the HTDS’ ranking on Pink Sheets. The ranking still warns buyers that the stock is under siege, and restricts certain normal trading activities of the security.
Lastly, regarding HTDS’ audited statements and its aspirations of up listing to OTCBB, an auditor is currently engaged on completing HTDS’ 2007-2008 financials. Audited statements are one of the requirements the company must obtain to meet the OTCBB listing threshold. HTDS management does not foresee any issues in meeting the audit requirements. HTDS management has a prearranged OTCBB vehicle already ready formulated and capitalized for its operating subsidiaries and the soon to be announced merger up list to OTCBB.
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