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Frankinjohn74

04/01/14 12:10 AM

#69356 RE: yeababy39 #69354

I certainly don't think its an arbitrary date (4-14-2014) for waiver/extension. If conditions of this atrocious 10k were to continue, there wont be any assets/cash available to pay any penalty for having cash below 200K. Therefore, I think it is tied into this:

We also expect to begin receiving (i) royalties from license fees related to its health information technology patents and other intellectual property, (ii) more than $500,000 from existing license agreements pertaining to its biotech assets, (iii) additional proceeds from sales from MMRPro, PHRs and other services that will significantly improve its monthly sales and reduce annual cash burn from operations. pg 54, 10k


i-first time "royalties" are used for ANY HiT IP so far. Could only be WAG/Cerner unless I am missing a real licensing agreement of record (K'd, not PR'd).
ii- has to be the next Celgene payment
iii- Visi MMRpro acceleration?
Question is which one(s), if any, are tied into the Apr 5th non-arbitrary 4-14-2014 date?