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That means don't run out of money within a year and they're taking out $5,000000 of credit and there's no guarantee that the product will be profitable!!!!!!!!
Read the 10Q put out BY THE COMPANY, that has to filed with the SEC don't listen to me or pumpers
https://evokepharmainc.gcs-web.com/static-files/fff79429-f310-4a4d-b722-8f4d46e3a1d8
Especially the portion about "on going concern"
Going Concern
The Company has incurred recurring losses and negative cash flows from operations since inception and expects to continue to incur net losses for the foreseeable future until such time, if ever, that it can generate significant revenues from the sale of Gimoti. Although the Company had approximately $4.1 million in cash and cash equivalents at March 31, 2020, the Company anticipates that it will continue to incur losses from operations due to pre-approval and pre-commercialization activities, including interactions with FDA on the Company’s NDA resubmission for Gimoti, potentially manufacturing commercial batches of Gimoti, and general and administrative costs to support operations. As a result, the Company believes that there is substantial doubt
about its ability to continue as a going concern for one year after the date these financial statements are issued. The financial statements do not include any adjustments that may result from the outcome of this uncertainty.
about high 90% on the NASDAQ are NOT in an ongoing concern
Going Concern
The Company has incurred recurring losses and negative cash flows from operations since inception and expects to continue to incur net losses for the
foreseeable future until such time, if ever, that it can generate significant revenues from the sale of Gimoti. Although the Company had approximately $4.1
million in cash and cash equivalents at March 31, 2020, the Company anticipates that it will continue to incur losses from operations due to pre-approval
and pre-commercialization activities, including interactions with FDA on the Company’s NDA resubmission for Gimoti, potentially manufacturing
commercial batches of Gimoti, and general and administrative costs to support operations. As a result, the Company believes that there is substantial doubt
about its ability to continue as a going concern for one year after the date these financial statements are issued. The financial statements do not include any
adjustments that may result from the outcome of this uncertainty
They don't have enough money to launch the product,they're using credit for that, they have four million dollars of cash they need to stay alive, this year the auditor classify them as a going concern which means they're close to bankruptcy, but they could do an offering
https://evokepharmainc.gcs-web.com/static-files/fff79429-f310-4a4d-b722-8f4d46e3a1d8
EVOK close to bankruptcy
Going Concern
The Company has incurred recurring losses and negative cash flows from operations since inception and expects to continue to incur net losses for the
foreseeable future until such time, if ever, that it can generate significant revenues from the sale of Gimoti. Although the Company had approximately $4.1
million in cash and cash equivalents at March 31, 2020, the Company anticipates that it will continue to incur losses from operations due to pre-approval
and pre-commercialization activities, including interactions with FDA on the Company’s NDA resubmission for Gimoti, potentially manufacturing
commercial batches of Gimoti, and general and administrative costs to support operations. As a result, the Company believes that there is substantial doubt
about its ability to continue as a going concern for one year after the date these financial statements are issued. The financial statements do not include any
adjustments that may result from the outcome of this uncertainty.
The determination as to whether the Company can continue as a going concern contemplates the realization of assets and the satisfaction of liabilities in the
normal course of business. In its report on the Company’s financial statements for the year ended December 31, 2019, the Company’s independent
registered public accounting firm included an explanatory paragraph expressing substantial doubt regarding the Company’s ability to continue as a going
concern.
https://evokepharmainc.gcs-web.com/static-files/fff79429-f310-4a4d-b722-8f4d46e3a1d8
they saw the word coronavirus and their bidding everything up with that word in the news release
$ECOR All they did was submit an application, they weren't granted anything by the FDA ,read this line, people are out of their minds for for bidding us up "In addition, there can be no assurance as to the timing of the review of an EUA submission nor whether the EUA ultimately will be granted".
Total shareholders’ deficit
(873,592)technically the stock has no value
it's sort of like the stump of a tree that you need to grind out with a stump grinder
Whoever would have thought we would have had 2008 again so soon, and my accounts are the record all-time high, unbelievable.
got a pump-and-dump flyer about this company in the mail
A complete dilution machine, I've never seen one quite this bad
Total Assets $ 53,164,104 Total liabilities 1,948,657
Pretty good
Weighted Average Number
of Shares Outstanding 73,924,390
2. BASIS OF PRESENTATION
a. Going Concern
Although the Company has invested resources into its business, the Company does not yet have any significant cash
flow from operations and as such, it must rely on equity financing to fund operations. To date, the Company’s main
source of funding has been the issuance of equity securities for cash through private placements. The Company has
historically raised operating capital from the sale of equity and will continue to do so.
The interim condensed consolidated financial statements have been prepared on the
They were paid $2,000000 to pump, excuse me, advertise this company. I hope so but most of these never turn out good for the SH.
he'll probably be selling Monday, thank you for posting that
where is the filing for the stock offering I would just like to see it
Exactly!!!!!!!!!!!!
They have a 25 million offering they filed last December, at the market offering
Good things stocks can't go below zero, because if they could this one would!!!!
Anybody really surprised at this pile of stinking garbage is trading where it's at????
Account at all time high...cannot believe this market...up every day!
Come on now you know they wouldn't even spend money for the coal.
There's a pretty good chance sometime in the next year or two that the marijuana section will have another spike in this thing will spike with it.
dilution machine
None of the trading this year had anything to do with the company it was just a bunch of traitors trying to run it up and dump their shares.
Yup.
I know all the suppose of good marijuana stocks as I paid for services and this is one of the worst ones out there there, a lot better most in Canada
this might be a buy here around 7 cents if the marijuana stocks ever get hot again
means the whole thesis in investing in marijuana is a lot tougher because there is a lot more supply than there is demand and the black market is hurting it a lot too
Jim Cramer said that in Canada they might have as much as a hundred year supply of marijuana,
https://www.cnbc.com/2018/10/17/cramer-warns-against-buying-volatile-canadian-pot-stocks.html
this junk is a perfect example of a dilution scam
There's just some traders here they're trying to control the float so they can run it up and dump their shares
The last PR was January 2016 about my E-Check and they're bankrupt.
I'm not sure this is even trash, I'm not sure even if they exist anymore. They don't even communicate to anybody public!!!!!!
One man's nothing glass of air is another man's glass of air, it's nothing
good luck on a company that doesn't put out a news release for years
oh my goodness THEY haven't shut down this scam yet should have shut it down 10 years ago
I mean with all the thousands of stocks who would want to fool around with this piece of junk
I guess all the longs check the balance sheet and realize their stock has no value and it's a complete train wreck. Go look.
Total shareholders' deficit (27,374,629)
Stock has no value, pure spec play.
Traders here are trying to pump the stock up so they can get a quick profit but it will have nothing to do with the company as people know here they never give any updates.
It's the game of musical chairs
Of course they want to buy for under a penny and then sell for two or three cents and then they'll disappear