Replies to post #460 on PharmChem Laboratories Inc (fka PCHM)

[deet49]

Expanding into new markets and getting New 2013 FDA indication for expanded uses of the 'PharmChek Sweat Patch Drugs of abuse' continually Upheld by The Federal Courts is the opposite of winding down? (ii)

mater of fact makes us highly marketable for potential BuyOut which the BOD has made clear is one of the options. (i)

the 2004 stockholder resolutions was a genius way of avoiding BK giving up the Labs portion of the company but keeping PharmCheck Division since then PCHM went from the Brink of destruction to a lean mean Money Machine ... Profits and cash on hand.

Profitable / Cash Reserves / Equity / nil Debt
march 31, 2011 balance sheet unaudited http://investorshub.advfn.com/boards/read_msg.aspx?message_id=91685934

*accounts payable were $1,647,321 before write off representing the balance of amounts owed to unsecured creditors who did not respond to a settlement offer*

PharmChem Actual Statement of Operations
12 months ending 12/31/10
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=91779865

2010 Revenues = $0.30 per share
2010 Earnings = $0.06 per share

wouldn't take much to catch up all the filing they are a working company that contracts with the US Government and still have to report to Uncle Sam .


Special Letter to Stockholders - PharmChem Inc. May2013

At this time, the PharmChek Division continues to generate revenue, which has been used to satisfy the Company’s debts and obligations (including those debts and obligations arising out of the continued operation of the PharmChek Division) and build cash reserves. As it is anticipated that the Company will continue to generate revenue, the Company believes that it is in the best interest of its stockholders to continue to operate the PharmChek Division until the earlier to occur of

(i) the sale of the PharmChek Division or
(ii) such time as the operation of the PharmChek Division ceases to be profitable or the required regulatory compliance becomes untenable. (Which is clearly not the case)

Upon the occurrence of either of these events, the Company will file Articles of Dissolution and consummate the final dissolution of the Company or take such other actions as it deems appropriate based on the facts and circumstances at that time. The Company shall continue to operate (and the board shall act) pursuant to the November 16, 2004, stockholder resolutions. In the event the board determines it is in the best interest of the Company to abandon dissolution, it will notice a meeting of stockholders in accordance with applicable law.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92012722

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92008078

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92037194

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90478697

One just needs to go back and read the Massive amount of Verifiable DD and if they don't like it check it out for themselves that's always the best way !!

Go PCHM