I own BMSN.....But....
Why is there so much interest in the company....
Material Changes in Results of Operations
Revenues were -0- for the quarter ending March 31, 2013 and -0- for the same quarter ending 2012. Net Losses were $941,488 for the three months ended March 31, 2013. Net Losses were $504,734 for the same quarter ending 2012 .The increase in Net Loss of approximately 86% is primarily attributable to increases in expenses attributable to General and Administrative Expenses and Interest Expense Attributable to Amortization of Discount offset by decreases in Interest Expense incurred which was not attributable to Amortization of Discount, and Consulting Expenses. The Company also did not recognize any losses applicable to Equity in Losses of Subsidiary during the quarter ended March 31, 2013 due to reclassification of 10,000,000 common shares of Entest Biomedical Inc owned by the Company as Available for Sale Securities as a result of Company’s ownership of Entest Biomedical Inc falling to below 20% during the three months ended June 30, 2012. The Company recognized $343,749 of losses applicable to Equity in Losses of Subsidiary during the quarter ended March 31, 2012.
Revenues were -0- for the six months ending March 31, 2013 and -0- for the same period ending 2012. Net Losses were $1,538,154 for the six months ended March 31, 2013. Net Losses were $718,407 for the same period ending 2012 . The increase in Net Loss of approximately 114% is primarily attributable to increases in expenses attributable to General and Administrative Expenses, Research and Development expenses and Interest Expense Attributable to Amortization of Discount offset by decreases in Interest Expense incurred which was not attributable to Amortization of Discount offset by losses of $48,939 and $399,082 recognized during the six months ended March 31, 2012 attributable to early extinguishment of debt and Equity in Losses of Subsidiary respectively.
etc....
seriously,
what's on the horizon that will bring a 180 to these numbers....and quickly.
