Aida Pharmaceuticals (AIDA)

[PaperProphet]

Regarding the Jiangsu purchase, they put down a $10M deposit in 2007 for that. They still had over $8M in cash/equivalents at year end which may have been used for the Nanwang fiasco. To your point, that cash spent and lost is certainly a legitimate concern. Hopefully the quarterly report coming out will give some good information as to their situation. They were strong before. I suspect they still are. Hopefully we'll see good earnings in addition to that.

I believe they previously mentioned that it costs about $10M to go through phases I - III. Generally phase III is the most expensive (at least that's the case here in the U.S.). If they have to ease into phase III due to the $7M lost, it may not be the worst situation. Hopefully earnings will cover the rest. At some point they also have to go into production and that will cost money.