Friday, November 24, 2023 2:49:46 PM
I should hope not. I would hope that said applicant, upon discovering via something as simple as a Google search, that IPIX provided BeaMed $4M would then look to IPIX's own filings for some details.
Looking at the 10K he/she would discover that IPIX hadn't provided some BM funding but rather had provided ALL of BM's funding.
Then IPIX goes on to say (in less clear language, of course) that they can't be entirely sure of the accuracy of the BM Balance Sheet and Income Statement as they appear in the 10K. IPIX's 10K MIGHT include some flaws based on their lack of control of the accounting procedures of BeaMedical. The applicant...or any potential investor...certainly doesn't have to come here to discover the problem. IPIX's CPA CEO explains it in the publicly filed 10K.
The reported value of the Equity investment MIGHT be in error. There is no other way to read that 10K as far as I can tell.
You're welcome to try....
https://www.sec.gov/ix?doc=/Archives/edgar/data/1355250/000147793223007158/ipix_10k.htm
p.27 and others
No matter what it is or who commenced it, I'm against it!
....Groucho
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
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