Resonant, Inc (RESN)

[drk5454]

Bankrupt by June. Here's their actual language.....

We will require additional capital to continue operations beyond the second quarter of 2016, which capital may not be available on terms acceptable to us, if at all.
Our principal sources of liquidity as of December 31, 2015 consist of existing cash balances and investments of $5.5 million. Currently, we are using approximately $2.3 million in cash per quarter in operating activities excluding fixed asset purchases and investments in patents. Due to these conditions, substantial doubt exists as to our ability to continue as a going concern. We believe our current resources will provide sufficient funding for planned operations through the second quarter of 2016. We have determined that additional capital from the sale of equity securities or the incurrence of indebtedness will be required for us to continue operations beyond the second quarter of 2016.