For those who wonder why this is a terrible quarter maybe u should focus on the comment that reads as follows; " we anticipate our current cash lasting thru may 2013. To continue as a going concern we will need to raise additional capital either by a strategic transaction, seeling stock or by incurring debt. i didnt hear anything said about a strategic transaction. i dont think even rt can spin a positive on this quarter. the shareholders better hope that they can raise cash by may 2013.
read the cc report. And mattera u can choose to ignore if u wish.
They are looking for a strategic partner / buyout from the sounds of things and they obviously cannot disclose this to the shareholders. With this in mind, I'm speculatively hoping that the buyout / partnership or something similar will come around the April / May timeframe to keep in line with not having to dilute the value of the share. I think it's a risk worth taking at this point to see what happens.
I am hoping the same but in my opinion doesnt look good. They received approval in August
and there has been no positive news since regarding a buyer or partneship. If Marquibo is
so great why dont they have any interest by now? I beleive there will be another dilution facing shareholders in May as that is when they run out of cash.
nothing new in the statement that hasn't neen in quarterly reports for years. This is not a new start up, they have been checking off the boxes as planned and as WP understands they need too. Iwahby1, aside from a blockbuster new announcement, what do you expect?