Mosaic ImmunoEngineering is a nanotechnology-based immunotherapy company developing therapeutics and vaccines to positively impact the lives of patients and their families.

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Message: Re: who is "SSDI" and why are we a bank?
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who is "SSDI" and why are we a bank?

ptscman
Apr 20, 2007 01:00PM

The Company owns 100% of the preferred stock of Scripps Secured Data, Inc. (“SSDI”) (see Note 5). This investment is accounted for at cost since the Company does not have the ability to exercise significant influence over the operating and financial policies of SSDI.

 

The fair value of the assets acquired in foreclosure of $250,000 was contributed to a newly formed entity, Scripps Secured Data, Inc. (“SSDI”), which will manufacture, market, and sell the former raceway product line previously sold by Holocom (see Note 5).
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