NovaBay Pharmaceuticals Inc (NBY)

[Tkrtape]

recent quarter for sales looked good. HOWEVER,,,,,the 500k they did in sales won't make up for the 4+ million they had in expenses! This is crazy.
They raised about 4+ million amount in March.....now gone. They will have to further dilute within 60 days to stay a float. While they tell you they want to monetize their assets to generate cash, that can't happen fast enough, nor can they sell Avenova fast enough. I'm waiting for the next equity raise before I put anymore $$
in....but I gotta' tell ya, this dilution is getting painful and you can count on at least one more near term equity raise.