Replies to post #16669 on SiNtx Technologies Inc (SINT)

[boston745]

There’s a few things wrong with your post CL.

First they could request a hearing instead of immediate delisting per the PDFs you link. Not sure what excuse could be used since there has been nothing preventing an annual meeting. If 483 or Japan are delaying things annual meeting is likely warranted at this point.

Zero liabilities is not necessary in a merger scenario but it’ll definitely look better to Zimmer shareholders at the expense of Amedica shareholders.

If being part of IMDRF means easier clearance than why hasn’t Japan cleared already? It’s been about 1 year since submission was PRd. I do suspect they are shooting for full CSC clearance. Getting full CsC there would definitely help in China.

In regards to their eps, they had costs that exceeded revenue by 2 million. That’s why eps was worse. Their cash burn was 2 million for the quarter. As far as liabilities are concerned there was a large drop in accrued liabilities because the magna/anson loan paid the final payment fee owed to Hercules which had been accruing since 2014. Derivative liabilities are cashless accounting transactions that does impact eps but does not impact cash flow.

The accredited investor from March may well have been Sason for all we know. That little maneuver may have yielded registered shares in place of the unregistered they would have received, likely to cover short positions that had been in place since January. Unregistered shares have to be held for 6 months.
I have yet to see any clever move by Sonny in regards to financing.

I do wonder how many shares are still undelivered.

[boston745]

I forgot you mentioned lithium batteries. Solid state batteries are superior in areas outside of environmental consequences. Solid state charges tremendously faster, has larger capacity, & doesn’t lose charge due to cold weather climate. Lithium batteries do not function as well in the cold.