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: company in trouble ripe for PTSC to purchase..Ignited
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Jan 20, 2009 10:07AM

Unfortunately, we used to be a money laden shark...but with only $7MM in cash on hnad and 50% of our allotted borrowings gone on the ARS...(3.5MM left)...we are now more like those remora that hang around and onto the sharks looking for any scraps that may fall our way.

Now if we get some $$$$$ in the next quarter or two and can bank it with not a lot of ongoing expenses for the new employees from Crossflo...then I would agree with you on being a monied shark...

But to be one that may doing some "gobbling up" we're going to need probably $25-50MM in the bank....esp. with our PPS so low...of course we could get some good news that pushes our stock price up to near .75 cents or better and then we would have another asset to do some buying...our stock at an increasing price would be good for an acqusition...esp. one already on the Naz....right now though we're in a holding pattern and conserving what little cash we have right now...who knows that could all change overnight with a little luck.


JMHO

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