Seelos Therapeutics Inc (SEEL)

[OldtimeramI]

Nice.

My point stands though. They got rid of the warrant liability - however they did that - they did not need to sell Vitaros ex-U.S. to do that.

Going forward though.

So if the equity is $3.5 m, with no income and a $500k cash burn per month. How much is needed until a May 2018 potential approval?

About 15 months until then, it comes out to $7.5 m of cashburn. Yeah, they do have the $500 k over two quarters. So make it $7 m.

Just about what I figure they are allowed to unload through the Shelf Registration at one point or another. That includes any amount of shares sold to Aspire.

OK, thanks looks like they have a few more outstanding on the shares

as well, over 12M total outstanding now, it's still close




One question though. You said 12 million shares? Is that what you meant? I don't see how. They only had about 7.7 m shares outstanding on March 7, 2017.