Even if India gets approval soon I think the stock will hit 4 cents for about 5 minutes. Then come right back down. There is nothing to sustain an approval in India unless they figured out how to do the formulation of Oral-lyn on their own. Other than that Fletcher cannot provide anything to the re-launch. No supply, no financial assistance, no technology transfer. This is the reality.
It looks like they will need cash really fast. At the end of October they had slightly over $1 million. So if they have the same spending rate that they had since July 31st they have about $300,000 cash left which is slightly over one month of burn (salary) left.
They still have $7.5 million in Accounts Receivables. A very negative shareholder equity ($8.5 million negative). No property ($0). Equipment ($19,414) wow and they want us to believe that they are actually doing research with $20 grand worth of equipment?
Summary: about one month of cash left. Strictly a patent company. Surprised that they are still meeting their listing requirements.
Only 13 working days left of the year. Is Fletcher going to pull a rabbit out of the hat? Hasn't done anything else all year long except for collecting a salary. Tensions are high.
This Board of Directors should be called The Board of Destroyers. They believed the Joseph Moscato Puppet Show to the detriment of shareholders who saw the scheme for what it was. We are heading towards the end of the year and another year that Mark Fletcher has nothing to show for it. Keep on issuing those shares to yourselves why don't you.
Without any partnership news it only makes sense to do a financing at 1/2 penny at this point. The only problem is the investor would be investing simply in paying for Fletcher's salary but not for doing any serious business. What is the out right now?
On the contrary, once the warrant holders buy them out there are 0 left in Treasury. Fletcher will have to go back to the shareholders for another billion shares.
There is approximately 400 million shares left. At 1/2 a penny the last of the paper would be gobbled up soon and Fletcher's salary would not last that much longer.
No other assets to sell. Probably only a few months left of cash (will be confirmed on Monday when the filing comes out). A financing at half a penny is inevitable to keep Fletcher's salary going. If India approval is announced today or next week it may hit 4 cents during the morning and come back down again at the end of trading day. Just a prediction.
Sure. Does Fletcher know how the proprietary system is formulated on a large manufacturing scale. Forget about that. What about on a small scale? It might be proprietary but that is on paper only. Don't worry. Shreya will figure it out with their team of scientists. Something Fletcher lacks.
If you had read the comment above you would have seen that he is stating that people can say all they want about Shreya making the product. But who is going to show them how to make it? Is Mark Fletcher going to India? Doubt it? Dr. Eric Von Hofe? Doubt it? Dr. James Anderson? Doubt it. Shreya is going to have to figure out how to make it on their own in their own facility. Would we ever know how much they would make over there?
You have to pay Catalant to make the product. I will try to call the company and find out if Catalant will produce for India.
I guess they like to perpetuate a scam and sell their soul for a free drink at the Joseph Moscato "fishy" restaurant.
Yeah, the Joseph Moscato crowd is trying to make a little money this Christmas. Maybe they will help him actually pay his rent for the month. In any event, they have no one left at that company that actually knows how to make Oral-lyn. Shreya will have to figure out the formula on their own.
Gig? Give me a break. These new message board posters are receiving early Christmas drinks from Joseph Moscato at his "fishy" restaurant. Look even Rich Steffens realized that all of the BS was just that BS. At least he got a few free drinks while being mesmerized by the puppet show.
Fletcher has another 29 days left of this year. Will it end on a good note or will it end like last year when the roll out promises died out on December 31st and we never heard about it again. What will we not hear about next year? No India? No partner for AE37? Well then the only thing left is Fletcher's salary to talk about.