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Saturday, February 07, 2015 10:35:52 AM
Yeah, when you hack out the R&D expense line to essentially ZERO, it's pretty easy to sand bag the books to look like "expenses decreased". Look at the latest 10-Q and then everyone of them and the 10-K going back 2 yrs and look at what's happened to R&D spending. It explains magic "expense reduction" IMO.
What's gonna fund the supposed trials (you know like MIRROR was FULLY FUNDED BY BIOHEART) when the R&D spending isn't even $3K a month as of last qtr? Most micro tiny labs in some no name university probably spend more per month than that just on disposables like gloves and basic lab equipment.
It's nothing level money for a supposed "medical research and development company", surely not even a micro down payment for any actual day to day serious medical R&D, let alone, the ability to be running any medical "trials" of any kind (on less than $3K a month, LOL !) - it's not even a small house payment and property taxes in my neck of the woods.
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