Friday, June 15, 2018 3:35:32 PM
"The Company has sustained losses in all reporting periods since inception, with an inception-to date-loss of $121.6 million as of April 30, 2018. Further, the Company has never generated any cash from its operations, does not expect to generate such cash in the near term, and does not presently have any firm commitments for future capital. Consequently, the Company will need additional capital to continue operating its business#
".....its stockholders could lose all of their investment in the Company...."
But the disasteous COE Punit gets a bonus: "We have entered into a separation agreement with Mr. Dhillon that triggers the compensation provisions pursuant to his Amended and Restated Executive Employment Agreement, dated November 7, 2017"
"....As a result, none of our product candidates are near commercial availability..."
A never ending cycle of bad news about dilution of shareholders
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