Re: Wow, Asustek has paid nearly nothing...
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Mosaic ImmunoEngineering is a nanotechnology-based immunotherapy company developing therapeutics and vaccines to positively impact the lives of patients and their families.
Message: Re: Wow, Asustek has paid nearly nothing...
I sure hope I'm wrong reading this..but I think I'm not...sorry if the format is messed up.
Cash distributions received from PDS during the nine months ended February 28, 2009 and February 29, 2008 of $7,648,589 and $16,666,800, respectively
Cash distributions received from PDS during the six months ended November 30, 2008 and 2007 of $7,648,589 and $7,738,072, respectively,
According to this we got not a dime from Austek and PDS lost money.....
We are accounting for our investment in PDS under the equity method of accounting, and accordingly have recorded our share of PDS’ net loss during the three months ended February 28, 2009 of $751,021 as a decrease in our investment
Three Months Ended
Nine Months Ended
February 28,
2009
February 29,
2008
February 28,
2009
February 29,
2008
Revenues
$
290,000
$
27,918,970
$
19,340,000
$
48,851,970
Operating expenses
1,807,244
2,735,261
5,893,877
16,334,021
Operating income (loss)
(1,517,244
)
25,183,709
13,446,123
32,517,949
Interest and other income
15,202
64,696
58,580
177,281
Net income (loss)
$
(1,502,042
)
$
25,248,405
$
13,504,703
$
32,695,230
Who wants to bet those last two we signed were for peanuts too...just to get them in right before the final rejection was made public.
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