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Post# of 402972
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eddiebali

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eddiebali

Re: MinnieM post# 18764

Wednesday, 01/02/2013 3:29:31 AM

Wednesday, January 02, 2013 3:29:31 AM

Post# of 402972
Chart play says 1.22 to me.

fundamentals say the company has no money

In the company's latest 10Q filing, the company's financial state was revealed. As of September 30, 2012, Cellceutix only had a total of $124,865 cash on hand. A fairly scary position for a company valued at $240 million. Also, comparing the company's total assets with its liabilities is somewhat concerning. The company's total assets was $140,836 and its total current liabilities was just over $7.5 million. Additionally, the company had a net loss for the three months ended September 30, of $680,000. The company had no revenue. Moreover, the company's research and development costs totaled just over $180,000.
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