MOMO'S BREAKOUT BOARD

[Lazarus]

company lost ~ $32 million last year.

They went from $28,975,822 in cash to $14,302,328 ---> YOY

Net loss on the year = $32,983,115

With cash at just over $14 million and a burn rate of ~ $4 million per quarter my guestimate is they have about approx a years worth of operating capital.

"The number of shares outstanding of the registrant’s common stock on June 4, 2019 was 111,950,937"

up from : 103,946,048 issued and outstanding at March 31, 2019"

(approx 8 million shares issued in 3 mos - almost 8% )

How did this guy buy 30k shares at 1.07 and then end up with only 10k shares beneficially owned (buy to cover?)

CEO --- after selling mucho shares has made a bet on it

BUT -- this is the same CEO that was talking up the stock SEE VIDEO HERE in April of last year...

Then two months later in June SOLD --->

06/25/2018 176,780 disposed of
Disposition at $3.79 per share. 669,997

link here

I'll pass but ---> say your Hail Marys that they hit it big with the FDA and you make a fortune.



Happy Trading