InvestorsHub Logo
icon url

Gold Seeker

04/23/08 4:11 PM

#13393 RE: Ted F #13390

"As far as the next quarterly report, I am guessing that it will show little, as I believe that Dr. Moro did in fact paid Smithline in cash up to Mar 01 and that given that the next payment was due April 01, the report will probably not "show" whether or not stock was used for this payment."

Ted, I disagree. The past filings show the payments due in Nov, Dec and Jan were indeed paid on the 31st of the prior month and show in the filings as paid on those dates. I am sure the reason for that is the severe penalties in the Smithline contract for late payment.

IMO, we will indeed see if the April payment was paid in cash or stock in the next 10Q. GS
icon url

Norad

04/23/08 5:07 PM

#13395 RE: Ted F #13390

"Mysscat, you are correct, I am pessimistic on this stock."

"PS-I bought some stock recently, and had little trouble getting filled at the ask-it usually took about one minute."


Why would you buy stock that you are pessimistic on? Are you covering a short position?
icon url

lighthouse

04/24/08 8:59 AM

#13404 RE: Ted F #13390

Ted, the funny thing is that when the Abbott "revised deal" was announced, we had people gushing about what great news it was, like a new dawn was upon us.

If they are in fact returning the license, why don't we have TWO more licensees to sign on board? Why are we assuming there is only one left, the third of three.... when the first one has bailed?