"Your post appears to be based on the possibility that a potential applicant will discover IPIX's financial involvement with BeaMed and then out of curiosity meander to the iHub IPIX page where your post will ready and waiting"
I should hope not. I would hope that said applicant, upon discovering via something as simple as a Google search, that IPIX provided BeaMed $4M would then look to IPIX's own filings for some details. Looking at the 10K he/she would discover that IPIX hadn't provided some BM funding but rather had provided ALL of BM's funding. Then IPIX goes on to say (in less clear language, of course) that they can't be entirely sure of the accuracy of the BM Balance Sheet and Income Statement as they appear in the 10K. IPIX's 10K MIGHT include some flaws based on their lack of control of the accounting procedures of BeaMedical. The applicant...or any potential investor...certainly doesn't have to come here to discover the problem. IPIX's CPA CEO explains it in the publicly filed 10K. The reported value of the Equity investment MIGHT be in error. There is no other way to read that 10K as far as I can tell.
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