Mymetics Corp (MYMX)

[Work Harder]

MYMETICS CORPORATION

DELAWARE

c/o Ernie Stern

1101 Pennsylvania Avenue, N.W., Suite 300
Washington D.C.
United States

Address

c/o Mymetics SA
Route de la Corniche 4
Epalinges, Switzerland

Address of Principal Executive Offices

per the 10Q

WITHHOLDING TAXES

On March 10, 2021, the Swiss Federal tax administration conducted a withholding tax audit on Mymetics SA’s financial statements for the years 2015 to 2019. At the end of the tax audit, the tax inspector concluded that a portion of the intercompany interest expenses related to the subordinated loan from Mymetics Corporation to Mymetics SA could be considered as a hidden dividend distribution and therefore subject to Swiss withholding tax. The tax inspector encouraged the Company to file the relevant Swiss withholding tax forms to benefit from the double tax treaty between Switzerland and the United States. The final amount will be agreed after the Swiss Federal tax administration has received all required documentation. The Company filed and sent a preliminary report to the Federal tax administration. The Company expects to finalize the report during the fourth quarter of 2021, waiting for legal documents from the U.S. Federal tax office. The Company made a payment of €27, which was recognized during the three months ended March 31, 2021. As Mymetics SA’s audited financial statements for the year ended December 31, 2020, have been signed before March 10, 2021 and, in agreement with the Swiss audit firm, the Swiss withholding tax to be paid by Mymetics SA on behalf of the Company is recognized in the first quarter of 2021.

Also in the 10K

Nice pick up from our friend

Now, this isn't 90 debt to 10 equity over the last 8 years, right

Capital Raised last 8 years: $25 million in equity; $40 million in convertible debt through private funding

https://www.mymetics.com/files/8116/2081/0445/May21-Mymetics_Overview.pdf

So, if you look @ the nasal spray competitor & what you just posted

Ole RK is leveraged in more ways than one, eh

& most everyone is sitting here in doubt

for a reason

:}