That Is A $7,644.000.00 Per Quarter Time Bomb As Overall Sales Continue To Fall.
They Are A Company That Has Never Sold, Developed A Drug That Got Approved Or Even Into A Phase 3 Trial. "STONERS" That Lost HALF A BILLION DOLLARS FOR NOTHING!
Then You The Effect Rate Of Interest As 8.66% In The Filing.
Dilution Rate Per Day Is 12,000 Shares Each And Every Day As Of Today Plus The 2.75% Interest On The 120,000,000.00
More Shares With Even More Dilution After Quarter Ended, Lost Money (-14 ), 18,Million Less In Assets, 6 Drugs On The Market And Less Total Dollars Of Sales, Less Total Stockholders Equity, Greater Accumulated Deficit,Marqibo Sales Off 50% Fusilev Sales Off 25%, Zevalin Sales Off 34%, Stock Based Compensation Up 29.4%, Restricted Stock Awards Up By 1,000,000 Shares, AND "CASI will be responsible for the development and commercialization of these three drugs, including the submission of import drug registration applications to regulatory authorities and conducting any confirmatory clinical studies in greater China. We will provide CASI with future commercial supply of the CASI Out-Licensed Products under typical market terms".
It Took CASI 14 MONTHS To File The Initial Application Paperwork Required For Just One Drug Before The Actual Application Paperwork Can Be Filed. CASI Has Not Filed Initial Application Paperwork For The Other 2 Drugs. That Is What Happens When You Partner With A Company That Has Lost ONE HALF BILLION DOLLARS And Has Never Developed Or Sold ONE Drug In ~22 Years.
Filing A Plan, And Then Filing The Additional Plans And The Applications For All Of The New Drugs Seems To Be Big Problem For SPPI. Look At The Progress Of The Three Drugs That Raj Was So Excited About Selling In China! The Patents May Expire Or The Drugs Will Face Bio-similar Or Generic Competition Before Any SPPI Drugs Are Sold.
It Would Seem To Me That As A Long ,You Should Be Congratulating Me On Taking The Wrong Side Of The SPPI Short Pump And Dump. If I Was Short And Forced To Cover You Could Possibly Sell Me The Shares I Needed At An Inflated Price!
I Only Post Questions I Want Answered. I Reply To Other Post That I Feel Warrant Another Opinion Of The Posters Point Or Points. I Can Do It Without The Usual Insults And Rants That You Seem To Be Unable To Control. I Am So Sorry For Making You Have To Select The Combined "ANGRY", "INSULTING" And "OBFUSCATING" Prepared Sentences Provided By Your Hedge Fund Handlers. Say What You Want. I Will Continue To Believe You Are Just Working Another Pump And Short Play Dump. Why Does Asking About The The Cayman Island Tax Shelter Entity Always Bring These Kinds Of Angry Responses? Other Shareholders Want The Questions Answered Also. Is Someone Hiding Something From The Shareholders? Lawyers Or The SEC Investigators Can Uncover What Is There. Is There Some Special Reason That SPPI Was Outed In The Wall Street Journal?
Kluck, Kluck, Kluck!
No! It Is The Same Cooperative Leadership Seeming To Let Every Short Hedge Fund In The World Know What SPPI Is Doing. Just My Opinion, Or Is It More Than That? Send Raj A Email Asking For Exact Details Of The Tax Shelter.
Raj Will Only Deliver Additional Dilution, The Partnering With Drugless Drug Companies Like CASI, And Excessive Management Compensation. This Is Where The Cayman Islands Corporation Comes In To The Picture. Shareholders Have No Way Of Knowing What Is Going On With This Secret Entity That Is Most Likely The Only Part Of The Company Making A Profit.
The Reason For Establishing Corporate Entities In A Tax Haven Is To Avoid Paying U.S. Taxes. Right? They Generally Have The Only Real Profit Generating Division Handling All The Paperwork Through The Tax sheltered Entity. Now Let's Think About This: Hm, The Only Profit Generating Division Of A Drug Company Would Be Drug Sales. So Piggy, Just How Much Of A" DOPE" Am I For Asking That Question? I, As A Shareholder Would Like To Know Just HOW MUCH PROFIT Is Being Skimmed Off To Cover The Cost Of The Tax Shelter In The Cayman Islands! I Would Also Like To Know WHO Is Benefiting From This Operation And If Those Individuals Or Front Companies Are Somehow Linked To Raj Or The Board Members! I Am So Sorry For Making You Have To Select The "ANGRY" Text Mode By Questing The Management Team That Made The Wall Street Journal For Over Compensation Issues.
The Last Sentence Corrected: "Being Paid To The Facilitators"
Raj: You Spent A Lot Of Money To Set Up This Tax Shelter Entity To Do What? Is There A Marketing Corporation In The Cayman Islands That Sells All The Drugs Marketed By Spectrum? Do You Or Any Relations Genetically Or Personally Have Interest In This Marketing Corporation. Do Common Shareholders Share In Any Or All Of The Markups And Or Profits From The Spectrum Cayman Islands Entity Or Entities? What Kind Of Fees Or Commissions Are Being aid To The Facilitators Of The Cayman Island Spectrum Corporation.