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Has a "Trigger Event" happened?
PATENT LICENSE AGREEMENT BETWEEN POLYMEDIX, INC.
AND
THE TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA
https://www.sec.gov/Archives/edgar/data/1355250/000117152013000616/ex10-20.htm
1.25 “Trigger Event” means any of the following:
1.25.1 If Licensee: becomes insolvent, bankrupt or generally fails to pay its debts as such debts become due; is adjudicated insolvent or bankrupt; admits in writing its inability to pay its debts; or shall suffer a custodian, receiver or trustee for it or substantially all of its property to be appointed and, if appointed without its consent, not be discharged within sixty (60) days; makes an assignment of all or substantially all of its assets for the benefit of creditors; or suffers proceedings under any law related to bankruptcy, insolvency, liquidation or the reorganization, readjustment or the release of debtors to be instituted against it and, if contested by it, not dismissed or stayed within thirty (30) days;
1.25.2 If proceedings under any law related to bankruptcy, insolvency, liquidation, or the reorganization, readjustment or the release of debtors are instituted or commenced by Licensee; or
1.25.3 If any order for relief is entered relating to any of the proceedings described in Sections 1.25.1 or 1.25.2; or
1.25.4 If Licensee shall call a meeting of its creditors with a view to arranging a composition or adjustment of its debts; or
1.25.5 If Licensee shall by any act or failure to act indicate its consent to, approval of or acquiescence in any of the proceedings described in Sections 1.25.1, 1.25.2, 1.25.3 or 1.25.4.
Yes hilarious! Did I miss anything?
Since when is it negative to question misinformation?
I thought Ian McIntyre was an alias of John Edwards.
You can add me to the list of people biased against those that are politically connected. Also, you can add me to the list that thinks I'm replying to a moronic statement.
....Despite the sizable withdrawals, Binance still holds about $58.9 billion in assets, according to Nansen data cited by Decrypt.
That's not exactly correct. $58.9 billion is the FMV of the Total Customer Deposits at the time of the screenshot, you can see the current amount here -https://portfolio.nansen.ai/dashboard/binance
You can find total customer deposits on the balance sheet of a financial institution, but it's a liability, not an asset.
Mazars reported a 101% collateralization ratio for the 575,742 Bitcoin in net customer balances as of midnight UTC on November 22.
Bitcoin makes up 25% of the value of their total tokens. Wonder what the "collateralization ratio" is for the other 75%.
The two issues you juxtaposed are both rooted in religious self-righteousness. Emotions come into play on both sides of the arguments. Individual freedom? Not so much.
If the kid is an "intelligent hustler", you think he actually believes this crap? He obviously has a low opinion of the intelligence of penny players.
Industry Market Leader Pro Music Rights, Inc. (OTC: NUVG) Announces Q2 2022 Results with $432,579,903 in Assets with Significant Share Value Increase for Shareholders
August 23 2022 - 08:00AM
InvestorsHub NewsWire
Alert
Print
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NAPLES, FL -- August 23, 2022 -- InvestorsHub NewsWire -- Pro Music Rights, Inc. (OTC: NUVG), one of the world's largest music licensing companies, today announced financial results for its second quarter ended June 30, 2022 with its quarterly report which can be found at EDGAR
Assets increased to $432,579,903 for the 2nd Quarter of 2022 from $323,562,671 reported EOY 2021, an increase of $109,017,232 in total assets Q to Q bringing book value to $0.12 per share, bringing immediate value to shareholders of at least 128.8% in overall asset and book value, as of the closing price of the Company’s common stock at $0.053 on August 22.
I'm afraid I need to see some T-accounts to understand that one.
A borrower issues a USD1 Million note @5 points over prime. The borrower must enter such as a liability...of course
A borrower issues a perpetual USD1 Million note @5 points over prime. The borrower must enter such as an asset..of course.
? I think you just proved my point.
"We offset deferred revenue with the associated accounts receivable obligations in connection with our sales of licenses and first year PCS for any contracts which required deferral as of the end of a reporting period under SOP 97-2."
Quest netted the def rev against the associated A/R and did not show them on the balance sheet, then provided the guidance they used in determining that presentation:
"We have also reviewed interpretive guidance published by additional Big Four accounting firms indicating that advance billings should be presented on a net basis, such that no amounts are recorded on the balance sheet."
I guess we'll have to disagree on this one. How do you calculate the value of a receivable when nobody owes you money? I don't know, but I do know you have to bend over in order to complete the calculation. And the last time I checked, that ain't GAAP.
It's creative bullshit. Look at the bolded (my emphasis) in their Revenue Recognition note from their 2021 audited financials. No revenue is recognized on the Income Statement. It's kind of like saying, maybe, maybe not. Definitely not GAAP. I wouldn't sign that audit report.
Revenue Recognition
The Company recognizes revenue when persuasive evidence of an arrangement exists, control has been transferred, the fee is fixed or determinable, and collectability is reasonably assured. In instances where final acceptance of the product Is specified by the customer, revenue is deferred until all
acceptance criteria have been met. The Company’s primary source of revenue is the monthly licensing subscription fee.
The Company applies the following
five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its arrangements:
?
Identify the contract with a customer,
?
Identify the performance obligations in the contract,
?
Determine the transaction price,
?
Allocate the transaction price to performance obligations
in the contract, and
?
Recognize revenue as the performance obligation is satisfied.
Deferred Revenue
The company recognizes deferred revenue to account for all revenue streams of the Company that doesn’t meet the revenue recognition
criteria.
Not sure who "They" are who " tried their best to close IPIX down", but I can tell ya who it wasn't. The seller probably provided the paint for today's close.
That makes sense. I believe the company's ability to sell shares under the existing shelf registration ended on 6/30/22, based on the market value of the float dipping below (well below) $75 million as of fiscal year end.
Kips Bay is a toxic financier, they buy shares directly from the company at a discount.. All the details will be in the 10K for the year just ended.
Said the guy who just posted a story leading with Global Links and Bud Burrell, sheesh.
Income on the books in Q1, but cash used was primarily due to sale of Blending Site? Now I really want to see that Note 5.
"Other income, net (100,189)"
Cash used in 2021 was primarily due to sale of Blending Site."
They didn't show any income or loss from a sale. Depreciation is considerably higher in 2021 than 2020. Accrued interest is lower in 2021 than 2020. I have some theories, but I'd like to see that journal entry.
Quarterly Report
For the Period Ending: September 30, 2021
(the “Reporting Period”)
As of December 31, 2019, the number of shares outstanding of our Common Stock was:
124,756,158
As of December 31, 2020, the number of shares outstanding of our Common Stock was:
124,756,158
As of September 30, 2021, the number of shares outstanding of our Common Stock was:
124,756,158
Well, I guess if you stop reading there, doesn't look so bad, eh?
Property held for sale (Note 5) - 180,235
Where the hell is Note 5, did I miss it? What happened to the property?
That table you are showing is not cumulative. The total FTD's AS OF 10/29/21 was 162,662.
https://www.sec.gov/data/foiadocsfailsdatahtm
The values of total fails-to-deliver shares represent the aggregate net balance of shares that failed to be delivered as of a particular settlement date. If the aggregate net balance of shares that failed to be delivered is less than 10,000 as of a particular settlement date prior to September 16, 2008, then no record will be present in the file for that date even if there are fails in that security. If the aggregate net balance of shares that failed to be delivered is zero as of a particular settlement date on or after September 16, 2008, then no record will be present in the file for that date. Fails to deliver on a given day are a cumulative number of all fails outstanding until that day, plus new fails that occur that day, less fails that settle that day. The figure is not a daily amount of fails, but a combined figure that includes both new fails on the reporting day as well as existing fails. In other words, these numbers reflect aggregate fails as of a specific point in time, and may have little or no relationship to yesterday's aggregate fails. Thus, it is important to note that the age of fails cannot be determined by looking at these numbers. In addition, the underlying source(s) of the fails-to-deliver shares is not necessarily the same as the underlying source(s) of the fails-to-deliver shares reported the day prior or the day after.
Should we begin our homework with the secret passage of Nesara? Or go back to the Dove of Oneness? Omega Trust? Way back before you guys destroyed the meaning of the word "soon"?
That's quite the oratorical display. However, it only applies to Dylan Roof.
The motives were identical? Child please.
Are you equating Kyle Rittenhouse to Dylan Roof? Personally, I don't see it.
Yes, which means there is a large seller working with the market makers to move shares. So when an acceptable offer comes through, they fill it (sell side goes first), knowing they have shares in their back pocket to cover.
In regards to Innovation, the number is the percentage of Intraday shorting. Here is a link to read up on how it affects Innovation Pharm.
Niki's cousin's friend would have taken the Astrazeneca vaccine in Trinidad, yet you are displaying VAERS data from the United States where we don't have the same vaccine.
Is that good science?
I do believe Niki Minaj and her cousin's friend.
Based on an investment of $68 million of other peoples money, that comes to roughly $113 per gallon. Heck of a deal, eh?
P2O has successfully produced fuel from plastics, over 600,000 gallons worth.
That is a fact
I'm sorry, I meant to point out that the PR you wrote shows the amount of the float, but not the amount of the outstanding.
Since the payment of the dividend is based on the outstanding, and the outstanding is 10X the float, it just seems a little confusing. I mean, why mention the float at all?
Anyway, thanks again for pointing out my error.
What is the amount of current issued shares? I've never seen a dividend announcement that only mentions the float and not the issued and outstanding.
Who is the transfer agent? Are they gagged?
And yet it doesn't seem that "retail investor protection" is the reason behind your bitchfest today.
Whats going on with Brightmark's Indiana project. It was supposed to open last year wasn't it?
If you followed all of the CDC guidance, wouldn't you already be vaccinated?
I followed all of the CDC guidance and self isolated 8 times in the past year and a half
It reads to me that the Series B preferred, if fully converted pre-reverse split, equated to 80% of the total common outstanding. The Series B shares are forced to convert to common, and are guaranteed to own 80% of the common post split.
Does it sound like B share are insulated from reverse
If by insulated you mean they wind up with the same position after the reverse split, then I agree.
58+ million shares or a 16.8% increase is no dilution?
And that is even more coming to light when no dilution took place for the quarter. So then you ask where is the daily selling pressure coming from? I think it’s a hedge fund perhaps Melvin Capital that is in so deep they can’t see light anymore!
The Kip's Bay holding of 21M shares on 2/9/21 COULD NOT have come about as a result of additional conversions from the FIRST Preferred deal even if KB was somehow magically connected to Leviston.
They either came from conversions from the most recent Preferred deal or a separate unreported (and hence improper and highly unlikely) issuance by the Company based on a separate deal.
Common shares still held from a pre- 6/30/20 conversion from the mofo deal a possibility?
Really? What does it mean?
Quite the eye opener.
Spontaneous ambiguity is obviously not Leo's thing.
More time is needed to come up with just the right wording. Such as “believes,” “expects,” “does not expect,” “is expected,” “targets,” “outlook,” “plans,” “scheduled,” “estimates,” “forecasts,” “intends,” “anticipates” or “does not anticipate”.
No, the VWAP was in the low 20's the last week of January.