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TOPIC: New BS from maxim

New BS from maxim 24 Oct 2016 10:32 #7814

  • rothco619
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Not sure if this will work but here is new report for Maxim. Just as all other info from maxim this continues to be disappointing as we have now reached new lows, regardless of story released by CYTX nothing ever changes.
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New BS from maxim 24 Oct 2016 11:55 #7816

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>>>Our focus for Cytori though remains on scleroderma, with the pivotal phase III STAR trial underway (see below) and data expected by YE17.<<<

Isnt this a bit later than previously thought ?

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New BS from maxim 24 Oct 2016 22:28 #7818

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Had some time tonight to check and its 6 month Sclerodec II data in mid 2017 (Q2) and phase 3 STAR (US) year end 2017.
I still think the important news on the upcoming call will be that they can calm balance sheet fears and note a pool of patients already signed up for the IDIS program. That means a hard number, not wishy washy notes of interest ! Of course, CC used to tout his funnel of bank sales that never came to be, so... ???
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New BS from maxim 25 Oct 2016 08:25 #7819

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Hedge did you actually say that during the upcoming call they will calm balance sheet fears ? Must have been a very good night for you lol.

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New BS from maxim 25 Oct 2016 10:27 #7820

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LOL, rothco, that would be a good night.
Should have read IF they can calm balance sheet fears. Followed by a suggested course to show demand for the self pay, scleroderma market in the EU.
I still believe they will be raising money in 2017. They have suggested the ATM will be enough to carry them through any short falls. We shall see.....the extreme light volume of late wont make that a easy task.

Thanks for the catch !

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New BS from maxim 26 Oct 2016 14:11 #7826

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The principal on the $17 Million loan starts amortizing in about a month. They need IDIS to start kicking in soon or another restructuring will be needed if the lender is willing.

WST

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New BS from maxim 26 Oct 2016 15:53 #7829

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WST, the amortization on the loan begins on Jan. 1, 2017 and ratably matures through June 1, 2019 - CYTX has said that they have enough cash through mid-year 2017 - they also have the ATM - nevertheless, I think realistically that they need to do a cash deal before the end of Q-1! Otherwise- :bash:

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New BS from maxim 30 Oct 2016 11:49 #7866

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Hedge,

The last patient was treated on June 6th, 2016 in the STAR Trial. There were 88 patients in all. Maxim continues to write updates stating the trial will be completed before year end 2016 (idiots). 48 week results could come out as early as mid-June of 2017, but it is safer to say July 2017. Tiago claims they have enough cash to get them to STAR results and if not, they can tap the ATM. Unless they get a surge in Japanese sales way above estimates, higher IDIS revenues than my estimates, additional licensing revenue from Lorem, or a partnership with up front cash, Cytori will break loan covenants in March. In my opinion, the CC will reveal if any of these four possibilities have a shot.

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New BS from maxim 30 Oct 2016 12:48 #7867

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You are reiterating my last post on the cash issue - By Q-1 as I previously stated!

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New BS from maxim 31 Oct 2016 09:51 #7868

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Got to give it to you DOV you are a company man, all the way. Revenues from Lorem ? They have breached the contract and Hedrick has swept them under the rug. revenues from japan, the new law was signed 2 years ago and management still reading the law to understand the impact on revenues. What ever Tiago claims , that honey moon is over. Nice guy but just as full of it as the rest of what's left of the team. he's about as credible as LLoyd Dean remember him. Tap the ATM , should have done that before they diluted the crap out of this pig. This ship is taking on water faster then the titanic and the team is as crooked as Hilary Clinton. Boy would I like to get a look at E mails exchanged between Cytori team. Now , come to think of it that would be very enlightening, PALEEEZZZ enough is enough

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New BS from maxim 31 Oct 2016 15:33 #7870

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DOV
I did thank you yesterday but another failed post :(
I will keep it shorter this time.
I did think we were looking for scleroderma data mid 2017 but went with Maxim which, as you state was wrong.
Anyway...on to Nov. 9 !

Rothco, I got a chuckle out of the Lorem mention as well.

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