Cocrystal Pharma Inc (COCP)

[joe_techi]

As of March 29, 2017, we have approximately $2.0 million cash on hand. Presently we have cash to last through April 2017. Accordingly, we must raise approximately $8 to $10 million to support our planned operations over the next 12 months. The Company is presently exploring various financing options, including but not limited to a private placement. We have a history of operating losses as we have focused our efforts on raising capital and research and development activities.

The Company has received non-binding offers from three parties including its two largest shareholders, both of whom are directors of the Company, to invest $1 million each or a total of $3 million. The understanding is that the investment will be common stock based on a 10-prior day average price going back from March 29th and is subject to approval of our Board of Directors and execution of Stock Purchase Agreements.