Lifted from PGLA board on Yahoo.Someone posting what many are...

Lifted from PGLA board on Yahoo.
Someone posting what many are hearing around the traps.
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"From what I understand Justus and the crew currently have no less than 7 offers on the table from various Global Pharma's to come on board in the development on PI 88.

Several of these are based in Asia which is the boards current preference as they will struggle to get the Quintiles to get good reach into these reqions and will need help.

My sources tell me this :

1/ Asian Pharma Partner signed up by mid November with a senior executive from this company to come onto the board.

2/ Chairman to be replaced and new high profile chairman to be announced at AGM - This person will blow your mind away with his experience in GLOBAL Biotech.

3/ The big Daddy...the SPA to be approved by FDA by end of October - from what I hear this is in the bag given the Fast Track and the FDA have given the company assurances that it will be completed by end of this month.

Hence we see the continued downward pressures as those who try to accumulate cheap stock continue to sell small volumes down to create new lows....don't sell them your stock cheap - hang on for the ride and I firmly believe you will be rewarded.

Do you own research or call the company should you wish to confirm any of the above"