Nelly Shishkova

Spherix Incorporated (NASDAQ:SPEX) Still Holds The Up Move

by Nelly Shishkova August 30, 2010
Spherix Incorporated (NASDAQ:SPEX) still holds the up move on the market. Last week, the stock soared in its price and volume, image193.pngand today SPEX continues the gain.

The company has released no news since it has reported its Q2 results about two weeks ago. According to the report, revenue and gross profit of Spherix have increased a bit, though its net loss and expenses also got higher. The company still has more assets than liabilities on its balance sheet, however, the stockholders' equity of SPEX exceeds $2 thousand.

In its financial report, Spherix claimed that: "No substantial revenue is expected from the Biospherics segment until the Company is successful in selling or licensing its technology", and it expected to expend all of the available cash within the next six months.

SPEX.pngBy now, SPEX has financed its development activities through remaining proceeds from the sale of stock and it is currently looking for new partners to continue its clinical trials. Spherix claims that it needs between $7 million and $9 million to support its development operations over the next 12 months and the company should find additional capital to complete its business plan.

Based on these financials, investors should carefully observe the stock, as the future movement of SPEX is quite unpredictable.


Comments 3

1. Guest
November 28, 2015, 04:41AM

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2. Guest
November 26, 2015, 11:16AM

Quotes There are two options. The aicuqree pays off the debt before handing over the compay to the acquirer or the acquirer assumes the debts of the aicuqree which is the more prevelent route. The acquirer finds ways to manage the debt acquired from the cash tranche the aicuqree has or by selling off it's assets or other cash generating strategies which it conjures up before acquisition. That is why many hybrid LBO's fail because of the poison pill route' the aicuqree takes when a hostile take over happens. In the 80 s the takeover of CBS by Ted Turner was thrwted by Lawrence Tisch the then Chairman of CBS this way.

3. Guest
November 26, 2015, 12:52AM

Quotes In some cases, the premium is not so much buniyg incentive but to pay off the more onerous of debts the other company incurs. Sometimes the merger bargaining involves discussion of what to do with the debts. Mergers can be a combining of peers, but usually a company subsumes another. The company taken over often had inferior resources to work with, including capital and debt issues. I've seen things where some units, say a region of stores were to be sold to pay off a debt issue that the buniyg company found disagreeable. Of course, they will also do that for other issues, such as one store chain I know sold its stores in a certain state because the union contract there held wages too high for their preferred model.

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