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Re: None

Thursday, 08/15/2013 9:27:25 AM

Thursday, August 15, 2013 9:27:25 AM

Post# of 5006
VSTA on Life Support

An initial read of the 10-Q filed last night shows how dire things are financially for VSTA. Barring a massive capital infusion the end is rapidly approaching.

Key points:

Revenues = $0, part of an ongoing trend and with no revenues in sight. Interesting that its been a couple of years since the last grant, is that a commentary on what VSTA is trying to do?

Operating cash burn still running roughly $1 million per quarter, or roughy $300,000 per month. They can't keep extending payables much more or suppliers will cut them off.

They are still alive as Platinum is providing small, very expensive for a development stage biotech, loans. These are not sufficient to meet their cash burns and one has no idea how long they will continue.

Funding from BGMO = $0. BGMO/Autillion continues to be in default of the SPA.

Question: does VSTA have any IP or patents that are of value to someone else? My bet is no or this would have opened a source of finance for them.

Question: why doesn't the stock ever trade?


Count the weeks, it won't be long now.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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