"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