Just a few minutes ago, INCE submitted a "Form NT 10-Q for INTERCELL CORP filed on Feb 13 1998".
Nothing new is mentioned in this "official delay to file their regularly scheduled quarterly (10-Q) report". I'll be curious to discover if INCE has more cash on hand (more than the $107,000 they had at the end of the fiscal year) when they finally release their 1Q 10-Q. They had raised some money for Microlink during the last quarter, and they had closed the private placement for Sigma.... I wonder if they squandered the proceeds, or if the financials will show they are learning how to invest more wisely.... it they're out of money now..we're in deep (you know what) because I have no idea who is going to loan them any money, or buy into another private placement at this point......
PART IV - OTHER INFORMATION
3. The Registrant has previously reported that net sales for the fiscal year ended September 30, 1997 and September 30, 1996 were $7,729,000 and $3,405,000, respectively, and that net losses applicable to common stockholders for such periods were $18,013,000 and $6,908,000 respectively. While the Registrant currently is unable to estimate net sales and operating results for the quarter ended December 31, 1997, the Registrant has no reason to believe that trends for the fiscal year will not continue. |
