$5.5 mill in cash and cash equivalents.
$23 mill in short term investments
$13 mill in "other liabilities". ???
$41.5 M in negotiable assets Enough for a couple of months.
O woe is me we will all be ruined!
Looking at the balance sheet above, At the end of Dec, 2010, ONTY had about $5.5 mill in cash and cash equivalents.
They have $23 mill in short term investments and $13 mill in "other liabilities".
With $5.5 mill in cash and cash equivalents and with the current cash burn, this is the time to be very careful, especially for newbies.
All my opinion.
The closer we get to ASCO you will have to pay more for ONTY shares Playmachine .You sold it to soon .But it is not to late to buy it again .You think you can scare people with you statements about PIPE ,may be some .But price of ONTY will go up no mater will you scare them or not .FIRST COME WARANTS and additional cash for ONTY ....
Next stop $4.25 and after that GREEN LIGHT to $5
It is listed as $200,000 in the 10Q Sep 2010 so no big deal.
Also:Further, since we failed to timely file our Annual Report on Form 10-K for the year ended December 31, 2009, we are ineligible to utilize a registration statement on Form S-3 to raise capital and will continue to be ineligible to use such registration statement until at least April 1, 2011. Our inability to take advantage of the benefits afforded by Form S-3 will limit our financing alternatives and may significantly increase our cost of capital or the dilutive impact on the voting and economic interests of our existing stockholders, as transactions effected using a registration statement on Form S-3 are simpler and less costly to execute and may be perceived by potential investors as being more attractive than those effected in a different manner. If financing is available, the terms of such financing may place restrictions on us and adversely affect the trading price of our common stock and the interests of our existing stockholders.
So that is why the April 1 S-3s
Also since GE loaned them $5Mil- they cannot do anything without the ok from GE
Link # 1-This prospectus relates to the disposition of .....5,150,680 shares.
Link #2- The selling stockholders named in this prospectus may offer and sell up to 7,425,017 shares of our common stock.
- We will not recieve any of the proceeds of sales by the selling stockholders. -----
ok......fine.....a deal is a deal.@*^#@ !!! [the 3.50 giveaway!]
pg. 34-link #2
- We are registering the shares of common stock pursuant to ....the Registration Rights Agreement .....
Will this add 12 million shares to the existing float of 30 million ????
i believe it will, but not certain ....... ;0(