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Dude, Where's my $50,000?

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GetSeriousOK   Tuesday, 12/06/16 05:55:58 PM
Re: None
Post # of 30044 
Dude, Where's my $50,000?


This is the QuantRx 10Q. the highlights:
During the quarter ended September 30, 2016, in accordance with the terms and conditions of the executed Global LOI, the Company deemed the Global LOI terminated. Accordingly, Global is obligated to issue to us a number of shares of Global’s common stock equal to 10% of its then outstanding shares of common stock, on a fully-diluted basis, as payment of the Global Advance. In addition to the share issuance, the Company is evaluating certain additional remedies related to the Global LOI and the $50,000 advance. The Company has deemed the $50,000 Global Advance to be fully impaired as of September 30, 2016.

Translation: Slick Willie disappeared with the $50,000. News flash, CEO Hirschman: you don't want shares of Global's common stock.
At September 30, 2016, the Company had cash and cash equivalents of $7,156.... Management believes that given the current economic environment and the continuing need to strengthen our cash position, there is substantial doubt about our ability to continue as a going concern.

Oh no! Willie, you killed them!

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