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Accentia Biopharmaceuticals, Inc. Message Board

  • betagainstbadmgmt betagainstbadmgmt Jul 13, 2006 12:08 AM Flag

    Amazing this stock isn't at $1.00

    ABPI

    Amazing this stock isn't at $1.00

    They are broke!!!!! NO DENARO my friend!!!! Accentia has no cash!!!

    - can't pay their sales reps
    - couldn�t pay the note of $5 million due last month and had to enter into a forbearance agreement on July 10, 2006
    http://www.sec.gov/Archives/edgar/data/1310094/000119312506144161/d8k.htm

    - Had to give away 15% of the company and 14% or revenues of sinunase (a large market � if the revenues are what they think $1 billion a year � this is very expensive money)
    - 14% of revenues just to pay their research and development outsource bills. This is not a strategic agreement, this was a way to pay their bills to PPD. (you get the theme � they are broke)
    -Accentia just issued another 5 million shares (June 14th, 2006) to pay their bills so their outstanding shares are now 35.8 million not 29 million (so PPD's investement just went to 12%)
    http://www.sec.gov/Archives/edgar/data/1310094/000119312506129884/ds1a.htm

    - Rumor that they are selling TEAMM just to get some money to keep the doors open. Based on the way the forbearance agreement is written, it looks like the rumors are true.

    See you at the bottom!!!! The difference is, you will be broke (of course depending on how much you bought)!!!

    Murrycap who posts hype on this board probably mortgaged his house by now, so be careful with his advice!!!!

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ABPI
0.00340.0000(0.00%)Aug 29 12:56 PMEDT

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