Leo and Dr Menon start a new company . . . anyone else ever read the 10Q's or do you just rely on the Iflub "no brainer's" to tell you how to invest your money? How many interests can you have going on at one time? So many conflicts... I can't imagine anyone joining an independent BOD's without a whole lot of cleaning up of the conflicts.
Anyone else heard of Innovative Medical Research Inc? Really? How many multiple streams of income does a person need?
In September, 2013, Cellceutix Corporation signed a lease extension agreement with Cummings Properties for the company’s offices and laboratories at 100 Cummings Center, Suite 151-B Beverly, MA 01915. The lease is for a term of five years from October 1, 2013 to September 30, 2018 and requires monthly payments of $15,538. Cellceutix had taken over the space occupied by KARD. In addition, Innovative Medical Research Inc., (“Innovative Medical”) a company owned by Leo Ehrlich and Dr. Krishna Menon, officers of Cellecutix has co-signed the lease and will rent approximately 200 square feet of office space, the space previously used by Cellceutix and will pay Cellceutix $900 per month, the same amount Cellceutix previously paid KARD. Innovative Medical paid a monthly rent of $900 to Cellceutix since September 1, 2013 and it was offset with the accrued rent owed to KARD.
Anyone else heard of Innovative Medical Research Inc? Really? How many multiple streams of income does a person need?
In September, 2013, Cellceutix Corporation signed a lease extension agreement with Cummings Properties for the company’s offices and laboratories at 100 Cummings Center, Suite 151-B Beverly, MA 01915. The lease is for a term of five years from October 1, 2013 to September 30, 2018 and requires monthly payments of $15,538. Cellceutix had taken over the space occupied by KARD. In addition, Innovative Medical Research Inc., (“Innovative Medical”) a company owned by Leo Ehrlich and Dr. Krishna Menon, officers of Cellecutix has co-signed the lease and will rent approximately 200 square feet of office space, the space previously used by Cellceutix and will pay Cellceutix $900 per month, the same amount Cellceutix previously paid KARD. Innovative Medical paid a monthly rent of $900 to Cellceutix since September 1, 2013 and it was offset with the accrued rent owed to KARD.
