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Marina Biotech, Inc. Message Board

  • brianisthebest1111 brianisthebest1111 Jan 17, 2013 2:10 PM Flag

    Food For Thought

    Yesterday, I contacted a person that works closely (he shall remain nameless as management reads this board) with the company and asked some very specific questions on the outstanding note. Here is what I learned:

    1) If the note-holders wanted to accelerate payment it would have happened already (Jan. 1) and Marina would have been forced into bankruptcy.

    2) The note was amended Dec. 31 and that is not required to be disclosed as it's not material information. The company is legally allowed to wait until the 10k to disclose this information.

    3) If the note was paid off on/before Dec. 31 and it wasn't due to a merger, it is likely Marina can also "hide" this information until the 10k.

    This individual was very helpful in explaining what is and what's not necessary to be disclosed by SEC law. In fact, he empathized with our situation and even threw me a bone - "Read the disclosures made recently and you can make certain deductions about what's going on." So, if BK is not in the cards, what is?

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