The financials were due by March 31st. That is clear. Maybe the company never posted it anywhere but everyone who spoke with Cynthia have got the same response. March 31st. It clearly won't be the case. I even think we are still quite far from being current and when we ask the question about a new time frame to Cynthia, it's not quite possible to get a clear answer. You have to take into account that Viropro still has problem paying its bills and, by the way, accountants and auditors are among the creditors. That's a big problem. When I say "far from being current", it's because you have to keep in mind that, by April 10, they have to file YE2012 and one month later, by May 15, the Q1 2013. Time passes on,as you know and new filings are due. On top of this, correct me if I'm wrong, the 3 first quarters of 2012 have to be filed as well. I don't know where they are up to, now, but I think there is still a lot of work to be done.
Alias, if you're in contact with Cynthia, maybe you can get an answer about this; me, I can't.
I don't know if some of you think that the figures in the financial will bring buyers, but I don't think it will be the case. Indeed, we all know that the financials won't show that much; almost no revenue, a lot of expenses, etc. The only new buyers that will come on the market once the company is current are the one who wouldn't touch a good quality company but which is not current. The one and only advantage to get the financials current is that Cynthia should or might be, from then on, able to get some financing from her institutions who clearly don't want to invest in a delinquent company. Then, she could pay the bills and have this deal with Oncobiologics going further.
I'm quite disappointed about the fact that the company is not current since more than 2-3 years. I'm also not that sure that the SEC won't put its nose in a company that it not current since such a long time, no matter there are good projects in it or not. But on the other hand, I don't know too much the SEC procedures. But I'm a little bit worried too.
