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Re: None

Saturday, 08/01/2015 2:51:07 PM

Saturday, August 01, 2015 2:51:07 PM

Post# of 63806
FACT: PXYN has the liquidity to handle the deficiency. Funny how that part was left out of someones post.

From PXYN 10Q March 2015

"As of March 31, 2015, our principal source of liquidity is from collections from our PPO accounts receivable and the factoring of our workers compensation accounts receivable, all of which result from the sale of our prescription products. During the three months ended March 31, 2015, we received proceeds of approximately $3.1 million from factoring and collected in excess of $5.0 million against PPO receivables.

At March 31, 2015 we had cash in excess of $1.8 million and a working capital deficit of slightly more than $1.7 million."

Lets see if that number in the next few weeks improves shall we!