MERUS LABS INTERNATIONAL INC T.MSL

Balance sheet looks terrible

[Griz_Online]

They are almost out of cash, when is the next financing?

[lscfa]

Wrong....working capital is positive $21.5 million if you back out the $30 mil in debt due June 30/17........generating $8 million is cash per qtr....no PP will be required.....

[Griz_Online]

Lol if i backed out my mortgage my finances would look better also, It looks like they are now drawing on a credit line. If i'm not mistaken they have to pay 8 million a quarter on the debt is that right?

[peter75]

griz please give it a rest us longs are hurting today i listeners to the c call and there is no concern re cash burn listen to the c call also they only bought the most recent purchases in the spring cash is not a problem  the market is upset that the regulatory bodies in foreign countries that merus is entering with their contractors in Greece and Spain  the process is taking longer

[Griz_Online]

Don't get me wrong i would like nothing better than to see this up, i just bought some last week hoping that this would be a turnaround quarter. i have lost 20% in a week! I'm looking for a reason to add some more but having trouble justifying it at the moment. :(

[peter75]

I own 10 k shares , and am under water big but I know this will be good