Tuesday, May 16, 2017 1:19:06 PM
To recap
1. I said prior the company would have to dilute again as they had approx 1 mil in operating costs last year
2. I did err in forgetting about the warrants which put cash on the balance sheet but as we can see we have 200k remaining
3. Q1 expenses were 209,633
4. Q1 cash balance is 200,320
5. Therefore, if you assume the same burn for Q2 -which is likely given we are still in 'paid' vs contingency litigation then the company will be out of cash by end of Q2 without diluting again
6. Expect a further dilution of at least 500k in my view to give them breathing room, and more likely $750k-1 mil to be safe (ie if sent back to the PTAB will delay further = more cash burn)
That is all based on fact, Q1 financial statement review and analysis. Flame away (those who did in the past) at me again for having an objective and fact based view.
Recent WDDD News
- Form 8-K - Current report • Edgar (US Regulatory) • 12/19/2023 09:30:21 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/11/2023 06:34:14 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM