Arch Therapeutics Inc (ARTH)

[Regis999]

Arch's Form 10-Q is out Thursday.


Random comments

So I have been through the Form 10-Q . For me the disappointing item I saw no exercise of the Series E warrants by Maxim investors. Perhaps they are doing it now. That is another $1.9 million cash. I had thought that they may have exercised and sold on July 14, 2014 the day after the S-1 registration became effective. Their is a lot of paperwork to exercise warrants so that was wishful thinking on my part.

On page 31 they say they will need an additional $ 8 to $ 12 to complete all US and Europe testing…… Based upon the old numbers it should have been $ 6 to $ 10 million. Oh well it is still small.

They have $ 5.7 million of cash on 6/30/16. So if Maxim exercises the Series E May 2021 expiration warrants it will add $ 1.9 to the cash pile.





My recent thought about AC5 enhancing the sport of boxing and other brutal sports…. which is going to be very interesting….


One other question is let’s say you have a bedsore or a major open wound and you apply AC5 to the area do you feel it at all since it is a barrier? Imagine not feeling the burning that is now felt with open wound.


Arch Summary HTTP://WWW.ARCHTHERAPEUTICS.BLOGSPOT.COM/