LONDON (AFX) - Provexis PLC said it has entered into a long-term collaboration agreement with Unilever PLC to jointly develop a new concentrated format of its patented Fruitflow heart-health technology for application in Unilever's food product portfolio.

Financial details of the deal were not disclosed.

The partners plan to enter into a global licence arrangement for the technology.

Fruitflow is a patented natural extract from tomato which Provexis said has been shown in human trials to reduce the propensity for aberrant blood clotting that is typically associated with cardiovascular disease and which can lead to heart attack or stroke.

In 2005 the market for heart benefit foods was worth 4 bln usd globally, Provexis added.

Considering the growth potential this share has a target of about 8-10p in the medium tern and is a good buy at current levels

As usual, pls do ur own research.

Glad there's two of us DD. lol

Oh dear - just seen what's been going on here while I was out playing! Would still make a profit at this price but may hold on tight and ride out the storm.

I wonder whether the 5m is an amount they reckon they need till deals are signed following the EU wording?? - as you say, doesn't seem a lot to raise; and ambiguous.

Praps Cynic will offer to subscribe and we can all relax!

all very gruesome isn't it .... glad i wasn't even tempted to buy yet more, but have managed to blow all my very tasty profit + a bit more ..... hey ho

with hindsight it would have been better to announce the placing after the event, but their hand seems to have forced by the rise in the sp.

Odd to think I'd contemplated taking a profit this morning on a portion - but then sped out and forgot about it. Just have to be patient that's all - lost a lot last time selling at a loss...

RF: you did warn us :)

greed got its justified comeuppance

30%+ down on day.is it worth a puntimpartial answers please.cynicu r honest

probably, but gently ..... just possible there will be a further dip

I reckon there will be a further dip by end of week :(

Cheers.took a punt at 8.6...

welcome on board - would say that it is worth it at that price - hope you are the patient/stable type who can see this out. it can be volatile but over the coming weeks/months you should be well rewarded

I must admit that I can't believe the sudden pullback..not had time to read through the RNS, but this stock is volatile to say the least.

it's not that stable - lol!

The offer will be 6p....at a guess.

Rfhave you got your guess upside down?

Well it's 9p now....would you want some more at 9p ? not me...come to think I wouldn't want this at 4p....anyway this means that there will be no revenue for ages....

Offer is still an option not a confirmed action......subject to EC progress and subsequent dotting of 'i's and crossing 't's on drafted agreements I would assume.

just got in after going to brum. thought this might happen, not really bad news as 5 mil is nothing, revenues were never going to flood in over night even with deals signed, They have many things in the pipe line which need funding til such time. Always said 10p on news from EC. 15p on first deal and so on. So not bothered about this, I`ll have some more. Long term play. gl

In the meantime...don't be surprised to see 5p again...

Plus just like to say, Could be something very fishy going on here as well, As its not definate the funding and 33million shares have been sold so far. With 3o million buys. Somebody mopping up alot of lovely cheap shares!!!!!