Stock Chart

bspm - BSPM CFO resigned.

04/13/2011 10:17 AM by avoidthegarbage

BSPM CFO resigned, not a surprise to me.

Just for a quick visual, here is what I got for numbers that first raised suspicion with the annual report for me regarding cash/equivalents, interest income, and commitments....

BSPM:

Cash & Cash Equivalents Interest Income Commitments
2010 Q4: $13,211,443 $24,339 $26,700,000
2010 Q3: $16,554,185 $3,001 $1,418,313
2010 Q2: $9,663,639 $2,435 $1,389,681
2010 Q1: $8,642,418 $3,686 $1,389,681


Notice the big spikes in Q4?

You can double check the numbers here (Note 11 is where commitments are listed):

http://www.sec.gov/cgi...

Note the big jump in interest income and commitments in Q4 vs all other periods in the year. Also note the cash balance was not a lot different than in the other 3 quarters yet the interest income skyrocketed. On the surface this looks suspicious.

Here's one possible explanation for what might be going on (as mentioned previously)-

http://shortscreen.com...

This is all just my opinion. Everyone please verify things for yourselves and good luck out there.

Rating:
4

Submit a comment

In order to comment please sign in.

  • 04/13/2011 10:20 AM by avoidthegarbage

    Looks like the numbers table did not format properly so it is hard to read.

    Rating:
    0
  • 04/14/2011 03:45 AM by Dave Pinsen

    Good info, Avoidthegarbage. Any chance of you doing a follow up post on JBII? Still way down from where it was when you flagged it last year, but it's more than doubled recently.

    Rating:
    0
View All bspm Posts
© 2009-2025 Launching Innovation LLC. A simple and effective website by Simande.