COMPANY HAD 15.2 MILLION CASH AT END OF JUNE, 2013
Makes sense not to pay interest if the money is not needed. company needs a good ceo with marketing ability and negotiating skills. Need to partner with a big company to help with the marketing of this medicl device. One in five people has the potential of being affected by skin cancer. It is huge business because people like to show off their bodies in the sun, usually with mimimum garments on.
"Or maybe the company who interesting buyout Mela asked them to pay the debt first??
Why would they do that, you idiot?
Suppose Toys R Us bought mela--they could simply take the approx. 6 million dollars out of the bank account and pay it. Why would they waste time waiting for things to be finalized unless they suspected mela was using fraudulent bookkeeping?
Of course in a week we will know you are wrong, and you won't admit it.
"Makes sense not to pay interest if the money is not needed."
I believe that is the key here, "if the money is not needed".
15 mil in cash at end of June and now they are paying off the 6 mil along with a 425,000 termination fee early. So why would they fork up more than 40% of their 15 mil at June unless it is not needed? I figure either 1) Mr Coradini is expecting a big cash influx for some reason soon or 2) He's already hit his 1.2 mil per month cash burn that he was shooting for.
Reding between the lines here, I am thinking that something good will happen soon. No company in its right mind will hand back cash just like that. I think that you will see an increase in sales soon and it will be enough to cashflow the business.