RE:RE:Ooodles of CASH for now, but waaay more Beech-bull ; - )Forgot to mention...that scary "contract liability" number on that last Balance Sheet was $ 5.6M
Like the monsters that used to be under my kids bed...nothing at all to worry about....since is is not money owed to anyone... it doesn't really exist IMO.
mercedesman wrote: And don't worry about the largest liability on their Balance Sheet.
The current portion of "Contract Liabilities" and the Non-current portion of "Contract Liablities" is really ...
....Deferred Revenues from the first Baxter tranche
...another way to think of it is revenue that has yet to be recognized from Baxters first "non-refundable" $ 5M USD payment to get distribution rights on PMX ...
...they kind of have to park it in liabilities as if that money is owed to someone....its not...
...it's just the revenue that they have yet to show on their income statement.
...not really a scary LIABILITY at all. Just loosely referred to as a "commitment or contract liability"
...instead of bad stuff, that must be paid to someone...it's really good stuff that hasn;t been shown as revenue yet.
The second tranche (from Baxter) comes as early as this summer. That's if Baxter likes what they see on the Trial that is "exceeding expectations". Close to $ 7m CAD is my guess of what the second tranche is worth (although that may still be redacted at the moment - a shame since it leaves shareholders guessing on such an important/material matter that directly relates to the need for another financing or not)
Don't forget about all the money that has or could still come in from warrant & option exercising etc.
Maybe AP could confirm what I am saying above. He seems very knowledgable about Accounting matters?
MM