![](https://investorshub.advfn.com/uicon/158678.png?cb=1661594561)
Thursday, September 13, 2018 11:01:38 PM
The Company just issued a 96 page 10-K and I didn't learn much from it except:
The Company signed a piece of paper with an unidentified global pharmaceutical company that could end up being worth somewhere between zero and infinity in US Dollars.
If the Company hadn't signed the milestone agreement hours before the fiscal year ended the Balance Sheet that appears in the 10-K would have reported only about $400k in Cash. I'm guessing that that would have been the lowest Cash balance reported since the Dark Ages of the $2M CEO loan and they just couldn't let that be reported. Based on a well known banker/poster that would have been less than 2 weeks worth of cash at the current run rate.
The most meaningful update to the milestone elements is a statement to the effect that "it is unlikely that the Company will achieve any of the three milestones by September 30, 2018."
The Company sold $2M of shares in April/early May either in violation of the Aspire agreement in place at the time or by some other agreement that has never been reported. The 10-K reflects that issuance as if it was based on the 2017 agreement but it was priced at terms that were different than those in that agreement.
The Company says that their lease expires in 2 weeks or so and the 10-K that they say that in indicates via the future lease payments table that no new lease...or extension of the existing lease...has been signed.
"Do you think things are good?"
Based on the above it seems that things aren't so good, but that's for people to decide for themselves. Obviously there are things other than the above to take into consideration.
But can it core A apple?
Yes Ralph, of course it can core A apple.
Recent IPIX News
- Form 8-K - Current report • Edgar (US Regulatory) • 02/01/2024 01:30:25 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/05/2023 09:25:58 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 09:05:44 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/15/2023 01:00:19 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/30/2023 08:15:25 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 09/28/2023 01:00:08 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM