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wimuskyfisherman

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wimuskyfisherman

Re: bluelucky post# 36678

Tuesday, 09/18/2018 1:50:42 PM

Tuesday, September 18, 2018 1:50:42 PM

Post# of 38634
blue- Good question on funds. Rexista is at least a year away from launch so how does Odidi come up with $12-13M to support costs? Current revenue per quarter is only $0.5-1M. So he really needs to find another $10M to sustain company for another year. The market cap is now lower than the annual burn rate so any type of dilution hurts shareholders and puts Odidi in a position where he loses control of the company. Unless of course he buys the shares.
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