Is Sanuwave about to sink??
Just checked out the recent 10q
$500k current assets / $8m current liabilities (even though they omitted a CL line)
Only $62k in cash!!
a working capital deficit of over $8,000,000!!
Sales collapsing!!
Heres a quote from the CEO during the Q4 earnings call "So what should investors expect for 2017? Anticipated FDA approval later this year, record sales internationally, "
Heres the results so far:
Q2 Revs 2017 $111k - Q2 Revs 2016 $203k
6mos Revs 2017 $260k - 6mos Revs 2016 $472k
Losses accelerating
On the 10k call, they projected cash burn rate from operations would be $175-225k per month - check out the 10q - WHAT A JOKE!!
This deal with Health Tronics an albatross that will slowly bury SNWV. Over $5m due with maturity dates continually extended by only months at a time... as they pick up millions of toxic warrants. Soon, the cost of these extensions will become more onerous.. Basically Health Tronics can take control of SNWV (not sure they want it) anytime they wish and dilute current shareholders to particle dust
Over 70,000,000 warrants exerciseable at prices LESS THAN current share price with ANTI DILUTION provisions!! Probably cashless too, didnt bother to look
De Novo approval for DermaPace this October? lol Thats funny!! Even the people at SNWV know thats BS but how else to keep shareholders roped into holding the stock.
Sanuwave has big problems, huge problems. All one needs to do is read the 10Q..
