Seelos Therapeutics Inc (SEEL)

[MasterMerlins]

Yep.. Just had a chance to hear the C.C. Left for Work and only saw the $23M in the 10K but in the C.C. the CFO made it clear that the $23M did not Include the $4M Upfront from Abbott/Novartis..!

Have to say that the 4Q Financials are REAL BAD.. Only $117K in Sales for the Diagnostic Kits were Received..

Good thing that they closed on all those deals.. 1Q should be a WHOLE lot Better.. Especially if they recognize the $4M Upfront..!

A whole lot of Information to Digest.. Seems like the Known Catalysts have been pushed back on the timeline.. Also seems like we have many Unknown coming..

Responding to your concern GRNI.. In regards to PreVonco.. The 10K does say that they will not commence the PHASE III without a Partner.. Same thing for Femprox.. But.. I would not be so fast to check this off as a NEGATIVE.. Clinical Trials are Expensive and burn through Cash Quick..! Especially a Phase III because of its SIZE..!

As far as Femprox.. Q2 will tell the tale.. ( Hopefully ).. If Health Canada & EMA deem the info from the Clinical Trials enough to file for approval in their Respective territories without the Need of additional trials.. That would be a HUGE Catalyst in my Opinion..!

I have to disagree with you CasinoKid.. You seem to think that the Institutions that came onboard will SELL everything they bought because of the 4Q Sales and the pushback on the known catalysts.. These guys bought at a Higher Price than Current Levels.. The Value in Apricus is Ahead of us.. Not Behind us..!
You also seem to imply that Apricus will need to file for an additional $100 M Shelf..? Guess you missed the part that says that they have enough cash to sustian operations until MID 2014..!

I just took another look at your thread. CasinoKID.. I just realized that you are talking about Retail Investors selling..
( I was going to erase my paragraph where I had my response to your thread, but decided to keep it and add this one )..
Who knows.. You might be right about some Retail Investors Selling.. Only because many are TRADERS.. I still think the PPS will not go under $3..! Short Interest is too BIG..

Time will tell..!