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Acura Pharmaceuticals, Inc. Message Board

  • mitchpit11@gmail.com mitchpit11 May 5, 2014 5:16 PM Flag

    ACUR Very Good in Filing Useless 8K's

    Like this on:

    5-May-2014

    Results of Operations and Financial Condition, Financial Statements an

    Item 2.02 Results of Operations and Financial Condition

    On May 5, 2014 we issued a press release disclosing the financial results for our first quarter ended March 31, 2014. A copy of our press release is being furnished as Exhibit 99.1 hereto.

    -----

    So, you file 8-K when you issue press release!? Oh, nobody is doing that....

    ACUR should have written something like this:

    Item 2.02 Results of Operations and Financial Condition

    On May 5, 2014 we issued a press release disclosing the financial results for our first quarter ended March 31, 2014. The 8-K is really issued because we want to appear compliant with SEC, while we are in fact scared that truth will come out ACUR is in reality just investors cash burning organization that will never be profitable and that fools investors with appearance of selling useless drugs. Pfizer read us, and regretted
    ever being in business with us.
    We do not advertize nor we do anything to promote our products, it is much better to have good salary and healthy bonus. All of our energy goes to plots of how to fool investors and funds in giving us their money.
    We ourselfs never believed in ACUR, which can be easily checked with total absence of insiders purchases. We are not that foolish to invest in our #$%$.
    Other than that, we are a great company :).
    Please SEC do not go after us. Look, we just filed another useless 8-K.
    A copy of our press release is being furnished as Exhibit 99.1 hereto.

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    • If there's anyone here who can understand their SEC filing on this quarter's results, I'll pay you $10 - which may buy 1000 shares of ACUR tomorrow.

      Anyone else get the impression the BOD are asleep in their cushy seats?

      • 1 Reply to unpredictable_trader
      • mitchpit11@gmail.com mitchpit11 May 5, 2014 11:15 PM Flag

        OK. Here is my attempt to collect $10 from you..lol...:

        1. Let's start with Q4 2013: ACUR shipped some $300K of Nexafed for Q4 '13.
        Did not recognize any revenue since pharmacies had "right of return".
        Pete was trying to hide the real sales, and obviously succeeded for Q4.

        2. Now, check this from today's news:
        During the 1st quarter 2014 we recognized revenue of $39 thousand for shipments to customers where the right of return no longer existed either because a pricing allowance was accepted in exchange for forfeiting the right of return or because information became available on pharmacy's reorder activity with their drug wholesaler. During the first quarter 2014 we shipped $42 thousand of NEXAFED®.
        ---
        Wow....so, after those $300K was shipped in Q4 '13, only $42K was shipped in Q4 '14!!!
        This is truly catastrophic. It means Nexafed is not selling, ACUR is nor expanding those sales.
        Finally, Pete has to recognize some revenue, and $39K was cashed. That is all.

        Frankly, I am not surprised with such performance for a product with 0 advertisements and
        promotion. I saw if first hand in Publix pharmacy.

        In summary, for 2 quarters, or half a year, ACUR shipped $342K of Nexafed. What is truly disappointing, new orders are decreasing dramatically.

 
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