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dotcom_angel 7 posts  |  Last Activity: Apr 16, 2014 5:18 PM Member since: Jan 27, 2001
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  • dotcom_angel by dotcom_angel Apr 16, 2014 5:18 PM Flag

    I guess its good news seeing short interest dropped about 20% down from the peak of 500,000+ shares....

  • Reply to

    got out

    by thejangler2013 Mar 24, 2014 10:56 AM
    dotcom_angel dotcom_angel Apr 11, 2014 3:00 PM Flag

    am interested in why you think its heading to $1 ? the markets are selling off as you see on the DJIA & NASDAQ so from that perspective the tide will raise, or sink in this case, all boats so it will drag down.

  • This comes right out of the Form 40-f SEC filing.... "Additionally, our debt agreement requires us to maintain cash balances of at least $7.5 million at each quarter-end. This required cash balance will restrict our cash usage."

    Yahoo finance indicates cash balance is $6.38M so does this potentially impact the Deerfield financing arrangement since its fallen below the requirement?

    things just do not look good.

  • Was just reading the Annual report and while the section on Liquidity is not a healthy picture, my understanding is that they have the Deerfield financing arrangement to tap into versus raising additional capital and further dilution.... am I incorrect on that?

    Liquidity

    The Company had cash of $6.4 million and restricted cash of $7.5 million as of December 31, 2013. Cash and
    restricted cash as of December 31, 2013, decreased $7.1 million from December 31, 2012 due to cash used in
    operations of $40.6 million for the year ended December 31, 2013. This cash consumption was significantly
    more than prior periods owing to both additional costs and the overall recognition of MRgRTTM
    research and
    development expense and the cost of moving the Company’s operations from Canada to the U.S.

    While management believes the Company will have adequate working capital to fund the Company’s operations
    beyond the next 12 months, it is dependent on the ability of the Company to generate positive cash flow from
    operations by increasing order bookings and revenue and the successful transition of operations to the U.S. to
    provide lower manufacturing costs and operating expenses. If the Company is not able to generate positive
    cash flow from operations, the Company may need to raise additional capital. While, there is no guarantee that
    the Company can raise additional capital, the Company has a history of being able to successfully fund the
    business through the capital markets as needed.

  • dotcom_angel dotcom_angel Mar 5, 2014 5:15 PM Flag

    i dont see any AH trades posted for IMRS.... where did you see that?

    http://www.nasdaq.com/symbol/imrs/after-hours

  • can anyone remember the last earnings release where the stock DIDNT tank immediately after??? none that I can remember in the past 2 years....the pattern is always the same where the day before earnings the fall starts to happen and then on earnings release it blows up and continues to tank for several days until the scavengers scrap up shares.

  • short interest way up at end of Jan. 407k shares short. good earnings could really pop this thing!

    Settlement Date Short Interest
    1/31/2014 407,769

SPRT
2.61+0.27(+11.54%)Apr 17 4:00 PMEDT

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