Seelos Therapeutics Inc (SEELQ)

[OldtimeramI]

Finally a company document that actually has the $500 k cash burn per month that you were writing about over a month ago. Must have had access to I.R. as I never saw this publically until now.

https://www.sec.gov/Archives/edgar/data/1017491/000101749117000050/apricorporateupdateapril.htm


Except - one small detail.

As of March 8, 2017, the Company’s cash totaled $5.4 million, compared to $2.1 million as of December 31, 2016.

http://ir.apricusbio.com/phoenix.zhtml?c=118007&p=irol-newsArticle&ID=2253561


Item 2.02 Results of Operations and Financial Condition




On April 17, 2017, Apricus Biosciences, Inc. (the “Company”), reported that, as of March 31, 2017, the Company had approximately $3.8 million in cash and cash equivalents. This amount is preliminary, has not been audited and is subject to change upon completion of the Company’s review of its unaudited consolidated financial statements as of and for the three months ended March 31, 2017.


https://www.sec.gov/Archives/edgar/data/1017491/000101749117000052/a8-kapril172017.htm


Seems like $1.6 million burned through in 24 days. Would you say that it's fair to assume that I.R. mislead you with the $500 k per month cash burn statement back when you shared it?