Peter Corr seems to be very well connected in the medical product industry and has been very successful.
I believe that he will be trying get a deal done with one of the majors to licence the product with an upfront payment and royalties. I don't think they are in this for a small gain. The main game plan would be to get the company taken over as that is the best way to get their 200 million and the directors 400 million share holding investment realised. This has occurred with other companies he has been involved with. Furiex was taken over for about 1.1 bill.
ALT Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
