Business
ProtoKinetix Corporate Update
ProtoKinetix Corporate Update.
About this update from Protokinetix, Inc.
[{"type":"text","content":"\n \n ProtoKinetix, Incorporated (OTCQB:PKTX) \n (the \"Company\" or \"ProtoKinetix\") (www.protokinetix.com) \n is pleased to provide the following corporate update to its stockholders:\n \n \n Fiscal 2015 was a year of significant progress for ProtoKinetix, \n Incorporated. We executed several complex initiatives and continued to \n make great strides in delivering the strategic initiatives to improve \n the fiscal health of the Company and to further the scientific \n advancement of the AAGP™ molecule. Overall, the company’s regulatory \n status, financial position and scientific foundation for commercial \n growth are all stronger today than they were a year ago.\n \n \n Our company has recently been restructured to improve efficiency and to \n enable growth and value to our stockholders. We have a new management \n team comprised of some old and some new faces. The team members are:\n \n \n Clarence E. Smith President and CEO\n \n \n Susan M. Woodward, CFO\n \n \n Edward P. McDonough, Director and Head of Audit Committee\n \n \n Peter Jensen, Head Consultant Business Advisory Board\n \n \n Julia Levy, Head Consultant Scientific Board\n \n \n Grant Young, Head Consultant Research and Development\n \n \n The financial position of ProtoKinetix has never been stronger. Since \n June of 2014 all past overdue filings with the Securities Exchange \n Commission have been brought up to date. We received a Full Revocation \n Order on February 23, 2015 from the British Columbia Securities \n Commission in regards to its previously implemented Cease Trade Order \n issued on May 9, 2013. During this time period, ProtoKinetix negotiated \n a debt settlement with Standard Bankcorp resulting in a gain on \n settlement of $192,000.\n \n \n All US tax returns have been filed from 1999 to 2014 and ProtoKinetix \n has been accepted to both the Offshore Voluntary Disclosure Program and \n the Domestic Voluntary Disclosure Program to comply with US tax law.\n \n \n As of June 8th, ProtoKinetix began trading on the OTCQB® Venture \n Marketplace under the symbol \"PKTX.\" The Company was formerly trading on \n the OTC Pink® marketplace under the same symbol.\n \n \n We were pleased to acquire a portion of certain patents and all rights \n associated therewith from the University of Alberta pursuant to a \n Royalty Agreement e...