Replies to post #5188 on Cyclo Therapeutics Inc (CYTH)

[Lazarus]

No mention of the 10Q just released the other day?

HOW COME?

People who make $$ trading stocks IGNORE THE SIZZLE AND FOCUS ON THE STEAK.

Here ya go

So the company currently has ~ $1.6 million in cash and burnt though $987,473 last quarter.

How many quarters can they run at that burn rate without another capital raise?



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just a brief comment on this:

On January 21, 2016, we sold our real property located in High Springs, Florida to an unrelated party. Pursuant to the terms of the sale, at the closing, the buyer paid $10,000 in cash, less selling costs and settlement charges, and delivered to us a promissory note in the principal amount of $265,000, and a mortgage in our favor securing the buyer’s obligations under the promissory note. The promissory note provides for monthly payments of $3,653, including principal and interest at 4.25%, over a seven-year period that commenced March 1, 2016, with the unpaid balance due in February 2023.

This must be the property that they showed as an asset worth $400k on previous reports.

i see the Proceeds from mortgage note receivable on the balance sheet -- but can someone point out where the note for $265k is on the balance sheet.

The property they are referring must be the 40 acres they recorded as an asset for sale... that was a VERY nice property. Here's a link to the High Springs property: http://tinyurl.com/ljeq87w

Living in California $275k sounds cheap and selling it with only $10k down??? wow! Whatever.