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Bullboard - Stock Discussion Forum biOasis Technologies Ord Shs V.BTI.H

Alternate Symbol(s):  BIOAF

Bioasis Technologies Inc. is a Canada-based biopharmaceutical company focused on research and development of technologies and products intended for the treatment of patients with nervous system, including central nervous system, diseases and disorders. The Company is engaged in the development of its xB 3 platform, which is a peptide-based technology, for the transport of therapeutic agents, in... see more

TSXV:BTI.H - Post Discussion

biOasis Technologies Ord Shs > From the MD&A...
View:
Post by JDavenport on Oct 28, 2022 6:02pm

From the MD&A...

A couple of quiotes from the MD&A:

From page 2:

"Based on its current cash burn rate, the Company anticipates that its existing cash balance is sufficient to fund operations through approximately October 2022."

Looks like no deal soon. Also from page 2:

"As of September 30, 2022 the Company has a cash balance of $345,197. The Company has been reducing its research activities and deferring payments to its vendors in order to extend its cash. The Company is in discussions with Lind to modify the convertible security funding agreement, add additional repayment holidays, and lend the Company additional funds, in return for modified repayment terms. As of the date of this filing, the modification to the convertible security funding agreement has not been finalized. Additionally, as previously disclosed, the Company continues to pursue and evaluate strategic alternatives with its investment banking partner Ladenburg Thalmann. "
jd
Comment by KayakerBC on Oct 28, 2022 6:10pm
MD&A "....As previously noted, the Company requires additional funding in order to pursue the planned development of its xB3 drug delivery platform, including the xB3-001 program, and fund its working capital requirements. The Company is currently focused on securing financing via additional strategic partnership transactions for its xB3 drug delivery platform....."
Comment by MGM2272 on Oct 28, 2022 8:13pm
Go Fund Me might work
Comment by unclepieman on Oct 29, 2022 4:47pm
Sure as sh8 not getting another dime from me, that's for sure!!! wither payout or bankrupt, as binary as it gets! 
Comment by beenthere on Oct 28, 2022 9:21pm
I'm sure that today is Friday .... not Monday! What gives JD? Maybe you should admit you were wrong! As always!
Comment by JDavenport on Oct 28, 2022 9:40pm
Bwah hahahahaha! I knew you couldn't figure it out, beenthere. I was so hoping that Bioasis would release their financials today. You can't read  the schedule I posted, You can't figure it out. The deadline, as I said, is Monday, October 21. Bioasis, like most companies, is early. I posted the OSC calendar so that if Bioasis didn't file today then it was no big deal because ...more  
Comment by JDavenport on Oct 28, 2022 9:45pm
Sorry, not the 21st, the 31st. Typo. It's hard to believe that an investor, beenthere, can't read the filing calendar. js
Comment by beenthere on Oct 28, 2022 10:01pm
JD, have you ever seen that advertisement about having eggs for lunch? Well, I think it fits you very  well...weird .. your weird! lol ..... who would ever thought about what you just posted? ... weird! ...... your weird! ... but talking about more important issues!  DrDR did not disappoint did she? ...just unreal ....but no surprises! ...... ...can we get rid of DrDR ...more  
Comment by JDavenport on Oct 29, 2022 1:41am
Let me explain how this unfolded. Because I talk to several shareholders, I knew that some were expecting the financials to come out of Friday, which they eventually did. However, according to the BCSC and the OSC, and according to the filing date formula, Bioasis had until October 31, Monday, to file their Q2 financials. So, being aware that some shareholders would think that Bioasis ...more  
Comment by MBT123 on Oct 29, 2022 2:24am
You have no idea...Your a senior living in a trailer...What is your actual Education/Influence etc...I'd be very confident it's zero!!! Hope your .30 shares you blew out to pay your bills..That's the only smart thing you done or said old man..
Comment by MBT123 on Oct 29, 2022 2:40am
"you talked to shareholders" ?? Haha who the hell would  call you  in a trailer for financial advice??????????? LIKE HONESTLY..Give them another number please!! your  skepticial/fraud. ....Your message means  your broke and all shareholders Will be Soon!! Haha
Comment by JDavenport on Oct 29, 2022 11:38am
Hah! Drunk again on a Friday night, eh, MT? My guess is that you're a stay-at-home drunk. With a tongue like yours, you wouldn't make it out of a bar alive. About trailers, as you call them, although I don't live in one, I do know many who do, including some Bioasis shareholders. I know many people who live in mobile homes. They are mostly retired from engineering, trades, technical ...more  
Comment by unclepieman on Oct 29, 2022 4:50pm
Yes, I'm sure many BTI bag holders had to move to a trailer park, THANKS BTI!!! I was lucky to stop at around hundred thousand, dodged a freaking bullet!
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