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Re: sab63090 post# 26596

Thursday, 10/24/2019 5:10:49 PM

Thursday, October 24, 2019 5:10:49 PM

Post# of 43784
CEL-SCI down 9% on capital raise doubts

Oct. 24, 2019 3:35 PM ET|About: CEL-SCI Corporation (CVM)|

By: Douglas W. House, SA News Editor

CEL-SCI (CVM -8.6%) is under pressure on double normal volume in apparent response to an article from STAT's Adam Feuerstein, a vocal bear. He says the company is exuding confidence with top candidate Multikine but is struggling to raise much-needed capital. A recent pitch to institutional investors apparently fell flat, a strong signal that any offering will have to be heavily discounted to get done.

At the end of June, it had $9.5M in cash and equivalents while operations consumed $12.4M in H1.

Successful Trading is the art of minimizing long term risk and maximizing capital allocation.

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