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Thursday, July 09, 2015 9:43:20 AM
read and learn and do some dd
June 30 10Q--- $3.6 mil in shareholder equity (That includes all pref)
They raised 5mil on April 1st total $8.6 mil
the cfo on the cc said they're spending $1.7 mil per month. read the transcript (5.1 mil for the second quarter)
that leaves $3.5 mil - they just raised 600k thats 4.1 mil BUT
they are still spending $1.7 mil per month
do the math they need lots more capital
btw look at the stock this morning
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