Cyclo Therapeutics Inc (CYTH)

[Lazarus]

Sold off on low volume. Bidding .66 this am. Looks to me like at best they have enuf cash to carry them to next filing -- 10K --- due in April 2019. Gonna be a long wait for shareholders unless they get news of a buyout or another round of financing. How long they can go without a capital raise beyond April is questionable, however they made it clear that they dont have enuf cash to meet their anticipated needs through Nov of next year per their last filing:

We will need to raise additional capital to support our ongoing operations and continue our clinical trials. While we presently lack sufficient cash to meet our anticipated operating costs and capital expenditure requirements through November 2019, we expect to continue to raise additional capital through the sale of our securities from time to time for the foreseeable future to fund the development of our drug product candidates through clinical development, manufacturing and commercialization. Our ability to obtain such additional capital will likely be subject to various factors, including our overall business performance and market conditions. Our need for additional capital as described above raises substantial doubt about our ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of these uncertainties.

How much of their raw product comes from China?


Good Luck to longs and Happy Trading