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Hemispherx Biopharma, Inc. Message Board

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  • guywhoisfunny guywhoisfunny May 29, 2009 3:41 AM Flag


    I am also concerned about misuse of capital reserved for operating activities. What kind of business practice is that, you take on new debt/dilution of existing stock, when you already had some funds for operating activities reserved? I dont know guys, I am long on 'house' money, but I am a little vary of this entire saga now...

    "The Compensation Committee and Board of Directors reviewed corporate goals established in March 2008 and determined that significant progress has been made in terms of 1) preparation and filing the Ampligen(r) NDA with the Federal Drug Administration; and 2) with the receipt of recent funding for operating activities, funds previously reserved for operating activities could be used to pay 2008 bonus."

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