Replies to post #28925 on Rebus Holdings Inc (RBSH)

[TheOneLife]

Very encouraging looks great. They kept there word 10k out

[flaflyersfan]

Condors rugby, there is nothing encouraging about the NSPX 10-K;

It is an absolute slap in the face to shareholders.

https://www.sec.gov/Archives/edgar/data/1421204/000121390020012301/f10k2019_inspyrthera.htm

First, the major asset of Mipsagargin that everyone is holding out hope as the savior of the company;

NOTE 5 – INTELLECTUAL PROPERTY

We solely own or have exclusive licenses to all of our patents and patent applications. Between 2008 and 2011, we entered into license and assignment agreements with Johns Hopkins University (JHU), the University of Copenhagen (UC) and certain co-inventors (Assignee Co-Founders), in which we paid $212,000 in cash and common stock. As a result of these payments and pursuant to the agreements, we acquired worldwide, exclusive, fully paid up rights in know-how, pre-clinical data, development data and certain patent portfolios that relate to, and form the basis of, our technology. Under these agreements, we are not required to make any other future payments, including fees or other reimbursements, milestones, or royalties, to JHU, UC, or the Assignee Co-Founders.

They paid less than $212,000 (stock included) for all of their patents and have not developed them any further as NSPX is non-operational. The Accounts Payable, Accrued Expenses, and Convertble debt remain in the millions so a buyout of minimal value patents would have to include all those liabilities also. NSPX has an illegal share structure as there are zero unissued shares to cover millions in debt obligations.

Now the slap in the face; General, Selling and Administrative Expenses.

It is the reason why penny stocks are insider enrichment devices disguised as shareholder opportunities.

Without any doubt NSPX had no business operations in 2019. They pay no rent.

The company still spent $565,000 in 2019. Where did that money go?

Somebody is living large spending $1,500+ per day including weekends and holidays on the company expense account while nothing is going on with the company.

Expect a PRE 14C possibly tomorrow or sometime next week.

Good luck