I don't see any "debt being paid off"? Where? Again, I haven't had time to do this a thorough read- but here is a "quick" analysis using just my on-screen calculator and a couple of key word searches. I see no indication of "major debt" being paid down- it's listed as almost exactly the same from last period:
Debt is essentially the same and cash only is up by about $40K at this point- noise level money IMO and that’s after diluting 73 MILLION shares in a single qtr. Mirror appears to have gone nowhere- that’s my 2 cent general summary read at this point- my opinions only based on what I alone am reading. (debt was $13.4 million in last 10-Q and is reported as $13,362,480 below from this 10-K)
10-K just issued:
At December 31, 2013, we had cash and cash equivalents totaling $46,227; our working capital deficit as of such date was $13,362,480. Our independent registered public accounting firm has issued its report dated March 24, 2014 in connection with the audit of our financial statements as of December 31, 2013 that included an explanatory paragraph describing the existence of conditions that raise substantial doubt about our ability to continue as a going concern.
The number of shares outstanding of the registrant’s Common Stock, $0.001 par value, as of March 24, 2014 was 420,920,157.
Previous 10-Q, from last qrt:
At September 30, 2013, we had cash and cash equivalents totaling $6,684. However our working capital deficit as of such date was approximately $13.4 million. Our independent registered public accounting firm has issued its report dated March 28, 2013 in connection with the audit of our financial statements as of December 31, 2012 that included an explanatory paragraph describing the existence of conditions that raise substantial doubt about our ability to continue as a going concern and Note 2 of our unaudited financial statement for the quarter ended September 30, 2013 addresses the issue of our ability to continue as a going concern
As of November ____, 2013, there were 347,175,310 outstanding shares of the Registrant’s common stock, par value $0.001 per share.
So how much total dilution occurred in a one qrt period? My math is below- that’s my calc, someone else may see it differently?
(420,920,157 – 347,175,310 = 73,744,847 shares diluted). 73,744,847/ 347,175,310 = .21 x 100 = 21% dilution in a single quarter- and IMO, I don’t have a clue what major accomplishment there is to show for it? They seem real good at selling shares and paying themselves and paying back interest and stuff on loans like Northstar- that’s the way I see it. As for the common shareholder and what they get, will get? Who the heck knows. THE BIG ONE, MIRROR- and it gets a “barely” passing mention again. TROUBLE ALERT for me on that one. Mirror used to be, was the “end game” the way I saw it. Now I don’t see it at all. It for all intents and purposes to me, appears stalled out and going nowhere, or they would have put info out about it.
So, are they an FDA product/approval company running “trials” , driving for Myocell their flagship to get across the FDA finish line, or have they morphed into some shmattering of a “medical tourism”, sell anything and everything “stem cells” all over the 2nd and 3rd world company or whatever? That’s the questions I have- and only are my opinions and my questions and mine alone.
