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Re: hitechwatcher post# 315

Sunday, 05/11/2008 10:18:21 AM

Sunday, May 11, 2008 10:18:21 AM

Post# of 737
Obviously you have no clue as to how this company's losses have been derived. Lets look at plain old math. Less than $7m raised over 7 years, and around $3.0 million of actual debt on the books. Obviously, at least to most, 85% of the losses you are citing are attributable to stock based issuances, including issuances of warrants and options under FASB, or didn't you know that, or read that in the filings. Everybody else did.

From what I hear even with the new SQUM people the company will spend approximately $100K a month for operating, a far cry from $345k a month that SQUM was spending. This company also only has around $3.0m in debt on its books, as compared with $11m that SQUM had. This company also has less than 20M shares issued, where SQUM had over 90m.

So your $1.0m a month loss is just plain BS.

BMRX's first delivery was $1.4M on a $14.4M contract

The losses are ONLY recognized because the way FASB requires the company to report stock based issuances. When I asked about your prediction

So......, call your mom and wish her a Happy Mothers Day.


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