Interpace Biosciences Inc. (IDXG)

[Getitgogone]

Great post Renegades17,seems you and I had a similar idea,

I as well spoke with REDCHIP and they did call me back on Friday,Redchip is apparently in charge of investors relations for IDXG.(Hello V R if you are reading this board per chance AND yes I got the email you sent me) I have no idea if he relayed anything that was said on our phone call to IDXG and never asked him to,but was discussing the need for clarity on what they are doing ... something more specific for the investors to take a bite out of.

Unfortunately ,although we had a nice conversation and the person I spoke with seemed very knowledgable about the market and so on ... the most important part is that HE doesn't work for IDXG ,he is not an employee so therefore really knows nothing more than we do and due to the fact that IDXG can't be telling anyone anything that isn't already public information already ,the phone call was fairly useless in that regard ... my thoughts were going into the call was to simply bitch at the company and ask what the hell they are doing and try and gleen some "feelings" through the phone on whether they were upbeat and positive about the company or if they would be a bit dodgy with me and yes sometimes you can't really tell over the phone but sometimes you can ... the suttle nuances of phone conversations

I loved your post because like many don't, you are thinking ... thinking is better than not thinking and just blowing in the wind ... it is a chess game of matching wits with the players in this market and how a play is developing over time for certain.

The only thing I can think of at them moment that I might disagree with in your post,(AND I MIGHT BE MISUNDERSTANDING WHAT THE COMPANY SAID), .... is when you said >>>

"The first offering (ie. the one in early January) was intended to cure the Nasdaq minimum equity requirement in my opinion."

The reason I disagree is because on Jan.17th IDXG put out a press release stating they had regained compliance with the minimum bid rule, but also stated in the last sentence >>>

"Separately, the Company has submitted a plan to NASDAQ to regain compliance with the NASDAQ stockholder equity requirement of $2.5 Million."

http://www.prnewswire.com/news-releases/interpace-diagnostics-regains-compliance-with-nasdaq-minimum-bid-price-listing-requirement-300391783.html

Why would they say that if they had already CURED the min.equity requirement earlier in the month? The filing on the sale of that stock was dated January 5th >>>

https://www.sec.gov/Archives/edgar/data/1054102/000143774917000273/idxg20170105_424b5.htm

I'm thinking the stock offering prior to that on DEC. 21ST before the R/Split was used to pay REDPATH(not to be confused with REDCHIP),Redpath is who they owe like 10 million to and are making quarterly payments of around 1.3 million;Looks like proceeds from that were $1,740,640 ,,, It states from page 7 of the last 10Q (see link bottom of this page)>>>>>

"representative of the former equity holders of RedPath, has been extended several times from its original due date of October 1, 2016 and is now due December 31, 2016 unless further extended."

So they used that to pay their payment to Redpath which was due Dec. 31st.

So the sale later ... filing on Jan. 5th( link up above ^^^) would be used elsewhere and then we have the last one which took place Friday closing on the 25th of Jan,in 3 days.

It's possible they paid more to REDPATH and there is an announcement coming about that ,,, I'm hoping at least something on that level ... to show they have brought their liabilities down,and are in fact cleaning up their balance sheet for better things to come.

They also had a bank loan/credit agreement they had access to and to my knowledge they never used it,which was 1.2 million dollars.

"As of November 17, 2016, the Company had not borrowed any funds under the Credit Agreement." 10Q filing PAGE 8 >>>>

https://www.sec.gov/Archives/edgar/data/1054102/000143774916042352/idxg20160901_10q.htm