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Edward

05/22/16 3:49 PM

#99450 RE: Myth #99448

Myth, as i see it this has nothing to do with cash currently since nothing was paid as of 2008 (most was already included in the $400,000 by no payments made when Matt left). Matt was there until 2012, "As of 2008 Cord ceased paying all royalties to PharmaStem. The reversals in 2015 had nothing to do with cash, only a bookkeeping entry from a liability to income that were never paid but accrued. No effect on cash. . " Why would this brought up by him about cash being high now?
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locksflooring

05/22/16 3:49 PM

#99451 RE: Myth #99448

Let's do the Math When Matt left it was about $400,000.00 and then you add in the $ 365,000.00 from the PharmaStem lawsuit. YUP almost all of it !