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CollabRx, Inc. Message Board

eqivacation 8 posts  |  Last Activity: Mar 27, 2015 3:37 AM Member since: Dec 29, 1999
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  • Reply to

    how much shareholder destruction can mika do?

    by bullbearyikes Mar 26, 2015 11:11 AM
    eqivacation eqivacation Mar 27, 2015 3:37 AM Flag

    Eh, you spelled in wrong in his mind's black eye. He's been spelling it share"holer" for decades now. EQ

  • Reply to

    Stay tuned..$8+

    by beachdan1234 Mar 24, 2015 8:01 PM
    eqivacation eqivacation Mar 25, 2015 9:56 AM Flag

    Simple math class here! Repeat after me. ANY PERCENTAGE TIMES ZERO IS STILL ZERO! You can forecast any percentage increase you want, 1,000.%! Times zero growth rate of revenues (let alone EPS) by this company in how many quarters now? And at that rate how many years is it going to take to just break even? For those of you not good at math, then just follow your nose here. The stinky financials from this thing should tell you something! But, if you are only use to one position investing then THIS THING IS FOR YOU! Just BEND OVER and wait for the money to start rolling in! EQ

  • eqivacation by eqivacation Feb 28, 2015 1:28 AM Flag

    The 8k says they hope to "gain market share" with the new partner on board. The average revenues for the last four quarters was just under $104,000 a quarter. One would hope they could increase market share from that lowly point! But, at a million bucks burn per quarter they're going to have to burn up a lot of cash to get to a breakeven point. Let's see, if you light up a dollar bill and it takes about 7.7 seconds to burn up that's about right. That's about one million burn rate per quarter with this company. And they have been doing this for how many years now? Idiots and fools! Ignoring the past history here. Think they are going to be rich! Like in the movie City Slickers at the end when the old man says "You thought there was gold here? Unbelievable! Ha ha ha!" EQ

  • eqivacation by eqivacation Feb 26, 2015 4:23 PM Flag

    Mika has fleeced many groups over the years out of their money. But now, he is doing it to more than one group at a time (maybe as many as four now). To him an offering means like at church when you give up your hard earned money for what? To be led to the promise land? But, I do see the connection! A heads up here. The last "offering' done about four months ago was only a partial and the stock I think only exceeded the offering price for one day if I remember right. From then on it headed south until this recent mess came up. You people are idiots! Over a 100 million in accumulated deficits of wasted share"holer" money while he has been at the company and you still keep throwing him your money for a ticket to the promise land!? Must be just around the next bend! Ya, as in bend over! Suckers everywhere now! Biggest mystery here is who is sucking who. Boy is this company funny! Ha ha ha! LOL EQ

  • Pursuant to the Letter of Intent, Medytox Solutions agreed to advance certain funding to CollabRx in contemplation of the business combination. On January 16, 2015, we entered into a Loan and Security Agreement with MedytoxSolutions, pursuant to which it is contemplated that Medytox Solutions will loan up to $2,396 to CollabRx. We intend to use the proceeds from the Loan and Security Agreement for working capital and general corporate purposes. Amounts borrowed by our company under the Loan and Security Agreement will accrue simple interest at the rate of fifteen percent (15.0%) per annum. As of February 10, 2015, we had borrowed $551 under the Loan and Security Agreement. The making of additional advances to our company under the Loan and Security Agreement is completely discretionary on the part of MedytoxSolutions. All amounts borrowed under the Loan and Security Agreement mature on December 31, 2015. Upon the occurrence of an event of default under the Loan and Security Agreement, all or a portion of the then outstanding principal and accrued interest under the Loan and Security Agreement is convertible, in the discretion of MedytoxSolutions, into shares of our common stock at a conversion price equal to the lower of (i) $0.85 or (ii) the average of the bid and ask prices of ourcommon stock on the trading day immediately prior to the date of conversion; provided, however, that the maximum number of shares issuable to Medytox Solutions is 14.9% of the number of shares of common stock then outstanding. We agreed to secure the payment and performance of our obligations under the Loan and SecurityAgreement by the grant of a security interest in all of our assets.

    Paying 15% interest and 14.9% dilution at 85 cents or even lower depending upon the bid price at the time. Loan balloons on 12/31/15 and ALL assets are pledged on the loan. Mika is draining every last drop out of the share"holers" without returning a dime to them. It's all about the NOL's. EQ

  • Reply to

    Foundation Medicine #2?

    by proforma000 Jan 29, 2015 4:00 PM
    eqivacation eqivacation Feb 9, 2015 3:08 PM Flag

    When you are sitting on the toilet just before the big flush you are in a similar position as putting your funds to work here. But, who knows? There have been plenty before that have seen the throne here and exited down-under over the years. You might get lucky just before the next BIG flush. BTW: You are a plumber, right (rick d plumr = rick the plumber)? Good luck! EQ

  • Reply to

    Foundation Medicine #2?

    by proforma000 Jan 29, 2015 4:00 PM
    eqivacation eqivacation Feb 1, 2015 12:56 PM Flag

    Ok, glad we stand together. I was starting to feel a little lonely in front of the firing squad. Pretty funny this thing still has life and will never die. Mika may work out some kind of deal that in the business combination forth coming that his salary has to be paid to use the NOLs. He could then draw a salary for up to 15 years on the carry-forwards. Otherwise pay his severance package. As long as the tax benefits would exceed the $295,000 salary they might consider it. That is until he hangs around and they learn what kind of person he is. There is a word starting with an H that comes to mind. For someone who talks and walks in different directions. Usually found in the religious sectors of life. This company reminds me of the movie I saw last night Cowboys and Aliens. Daniel Craig's character stole and withheld gold from his own gang. His gang later asked what happened to it. He said the demons took it! Then he said "When you go to hell you can ask the demons for it back." There is nothing good about this company. I challenge anyone to tell me something good about this company with a straight face. EQ

  • Reply to

    Foundation Medicine #2?

    by proforma000 Jan 29, 2015 4:00 PM
    eqivacation eqivacation Jan 30, 2015 11:37 PM Flag

    Izr723, you are the only one that stood by me while be in front of the firing squad all these years. Fortunately, they were lousy shots! I hate to disagree with you, but it is only one part. The NOLs are the important thing. They are the only thing of value left of this company. The strangeness of the company interested as you pointed out points in that direction. Otherwise Mika would have gone to the well another time and preserved his salary. But now it appears things got a little tricky.

    As I understand it, preserving the tax attributes another company got harder years ago. They can only be done with the right business combination. The fact that it will be a combination means they inherit Mika and his salary. Otherwise if he is terminated he bankrupts the company. This is his last card to play. How does he benefit from selling the NOLs and a salary continuance or severance is the only issues left for this company. If there was anything of value he would have gone back to the well for more money, or sold the IP of the company for big bucks. Not apparently happening. So along comes this very profitable company, that just happens to be in the medical field willing to maybe do something for the NOLs.

    I predict that is all this is about. It has finally gotten to the point where the ground under the pig is worth more than the pig because of all the droppings over the years. It is all about the NOLs or the partner in the next dance would look a lot different. You say they are strange, yes indeed. They make money, a lot of money! So why wouldn't they buy them out? I think then the NOLs go away unless they marry Mika and company. The party is over. There is no promise land. No big profits of a company going anywhere except on someone's NOL carry-forward schedule on their tax returns.

    It's all about the NOLs at this point, and the continuance of his salary until they can find a reason to release him without the severance bomb going off. EQ

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