SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : Apricus Biosciences
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: phoenix_rising who wrote (1539)10/28/2015 10:11:59 AM
From: Mirror Image  Read Replies (1) of 2026
 
If Apricus have exchanged more shares for cash under the existing Aspire deal to shore up the finances, do they need to declare that when it happens, or can they just wait until they issue the earnings report next month?

No, they need not make it public when it happens ( for any sale of shares to Aspire ). That requirement was satisfied with the Original Sec filing. In other words, we all know it can happen at any time. And yes, we would have to wait until the 10Q or until the 10K ( if they have not sold any shares during July 01, 2015 - September 30, 2015 ).

My opinion on this matter is that - if in fact Apricus sold shares after October 01, 2015 to Aspire - they would probably let us know during this Conference Call ( either mentioned during the C.C. or mentioned in the 10 Q or both ).

My gut feeling though on the financing issue is that we will have either a Private placement or we will issue Convertible notes. Something from left field! All retail have been on edge regarding the financing - it has been like a really really slow pitch that has taken it's time to reach the plate. Everybody knows we are running out of money and need money. There will be a twist on this one. Everybody is expecting a Secondary at lower prices.

Will should know - no later than February 2016 - My Opinion!!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News