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Ann: FDA Breakthrough Device Designation, page-188

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ZacGold

460 Posts.

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31/07/19

22:58

Post #: 39799080
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Originally posted by Bandalup2: ↑

Diego, - perhaps also look at the cash balance of Manhattan Scientific!

As of 31 Mary 2019 - they had $36,000 USD in the bank (see link below).

Not only that - have a look at the accounts payable ($257k USD) and accrued expenses to related parties ($1.6m USD).

Their shares just came out of escrow. They have 64m shares. 140m shares traded today for $8.7m value with almost all day traders holding losses on this stock given the VWAP. Quite likely Manhattan were dumping to save their own Company from going into Chapter 11 or to ensure Manhattan could repay all those accrued expenses to related parties (i.e. themselves/their own directors). That their creditors were "related parties" is the only reason they are probably not in Chapter 11.

Link: https://www.sec.gov/Archives/edgar/data/1099132/000147793219003006/mhtx_10q.htm

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@Bandalup2
Manhattan Scientific have stated that they didn't sell.
However IBX held 80+ million shares on behalf of third parties, previously held in escrow, which could have been unloaded onto retail.
See 2018 annual report.

IBX Price at posting: 4.3¢ Sentiment: Sell Disclosure: Not Held
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Last 5.4¢		Change 0.000(0.00%)		Mkt cap ! $2.213M

Open	High	Low	Value	Volume
6.0¢	6.0¢	5.4¢	$5.443K	93.82K

Buyers (Bids)

No.	Vol.	Price($)
2	23636	5.4¢

Sellers (Offers)

Price($)	Vol.	No.
5.5¢	51042	1

View Market Depth

No.	Vol.	Price($)
2	23636	0.054
4	119215	0.052
3	210000	0.050
2	40408	0.049
3	43835	0.048

Price($)	Vol.	No.
0.055	51042	1
0.060	134999	3
0.062	45000	1
0.063	38873	1
0.070	27131	2

Last trade - 15.59pm 31/10/2024 (20 minute delay)

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