Followers | 4 |
Posts | 863 |
Boards Moderated | 0 |
Alias Born | 02/10/2016 |
Wednesday, May 16, 2018 8:30:07 PM
This seems to go against the "zero problem" thesis two sentences prior.
They absolutely cannot afford to keep losing money for that long. The financing they just got was already deeply distressed.
Before the last chance loan they just got, they had $1.5M in cash and were almost into negative working capital. This loan buys them some time, but not much unless they actually start achieving targets (without BS accounting shenanigans) for the first time in history.
And anybody who buys warrants should know there is a 99%+ chance they lose EVERYTHING. The one hope the warrant holders had was for the company to dilute and send the price of the warrants down, unless Cargile is willing to remove all chance from long term shareholders benefiting, this won't happen. And Cargile said quite clearly that dilution was off the table until after the expiration of the warrants.
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