InvestorsHub Logo
Followers 375
Posts 16968
Boards Moderated 4
Alias Born 03/07/2014

Re: Investaholic33 post# 9836

Monday, 06/02/2014 1:49:26 PM

Monday, June 02, 2014 1:49:26 PM

Post# of 106837
No one will invest in a stock of a "medical research and development" and "FDA trials" supposed stock/company, when they SPEND MORE ON PENNY STOCK PROMOTION firms in a month, than their entire "R&D", monthly budget, IMO. Don't care how much they've "heard about it".

No more complicated than that. FDA phase II/III "trials" and actual "medical research" on about $3K a month "budget", but $5K goes to some penny stock "promotion firm" for one month's worth of "services"? Really? Nothing wrong with that picture?

And they have 4 full time and one part time "employee" (latest 10-Q) and just gave the two "important" people, 50% boosts in their base salaries and essentially a TRIPLE of their "total compensation" packages (including BONUSES), bringing the CEO total "comp package" to close to $1 MILLION a yr, at the same time that "R&D" spending went close to nothing for the quarter, and while their SG&A expenses doubled at the same time, from $370,533 same period last yr, to $838,329 Q-1 this yr (most recent 10-Q, PAGE 5 and last 10-K, "compensation table" PAGE 71).

I guess there's a reason people like the SEC and U.S. govt. regulatory system invented things like a 10-K and 10-Q, else, no one would ever know, would they? We'd sure never hear about any of those FACTS in all the good ole, "PR releases" or "blogs" or "podcasts", that's for certain, IMO.