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DewDiligence

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DewDiligence

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Re: DewDiligence post# 4

Thursday, 08/13/2015 9:40:54 AM

Thursday, August 13, 2015 9:40:54 AM

Post# of 112
GLMD had $27.8M of cash at 6/30/15—a burn of $2.1M during 2Q15:

http://finance.yahoo.com/news/galmed-pharmaceuticals-announces-commencement-patient-114500880.html

GLMD claims the cash balance is enough to last “into 2017,” but that seems like a stretch. The company has a $150M shelf registration (#msg-112291490).

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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