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Mast Therapeutics, Inc. Message Board

  • brendan_rnorris43 brendan_rnorris43 Oct 13, 2013 9:37 PM Flag

    How Much Cash has Mast/Adventrx Burned Through

    over the past 5 years?
    Must be well in excess of 100M or 150M or more?
    Does anyone have the exact number?
    What does that tell you about this company?

    Sentiment: Strong Sell

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Id guess its not quite that high...maybe $75M. Still a lot considering that theyve achieved...nothing.

    • thebigmonkey@sbcglobal.net thebigmonkey Oct 13, 2013 10:11 PM Flag

      Kind of looks like $192,800,000.00 as of March 31,2013 and expect to incur substantial losses for the next several years...

      RISKS RELATED TO OUR BUSINESS

      Risks Related to Our Capital Requirements, Finances and Operations

      We have incurred losses since our inception, we expect our operating expenses to continue to exceed our revenue for the foreseeable future, and we may never generate revenue sufficient to achieve profitability.

      We are a development-stage company and have not generated sustainable revenue from operations or been profitable since inception, and we may never achieve profitability. We have devoted our resources to acquiring and developing proprietary product candidates, but such product candidates cannot be marketed until the regulatory process is completed and governmental approvals have been obtained. We have accumulated net losses totaling approximately $192.8 million as of March 31, 2013, and we expect to continue to incur substantial operating losses for the next several year

      Sentiment: Strong Sell

      • 1 Reply to thebigmonkey
      • serenityloveh69@att.net serenityloveh69 Oct 13, 2013 10:45 PM Flag

        Basically the 1/5th of a billion dollars that have been scammed for the average Joe investor will get brushed off till a law suit is filed with the SEC
        As some of you know MSTX - ANXiety had done a 1:25 R/S that left them 24 million shares . Now before they did that they diluted the share count to over 600,000,000 share ,and are on the way to do the very same thing. Hmmm in lest than 2 years they have more than tripled the share count . Kind of interesting the fact is if they didn't do that R/S of 1:25 they would have well over 1,000,000,000 ( Billion ) shares out . Then too they have NEVER and prolly NEVER will have any thing other than a name with a snake oil ponzi game. Did anyone know that they started the shell game making wood products over 10 years ago

        Sentiment: Strong Sell

 
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