Cel Sci Corporation (CVM)

[Spideyboy]

Don't say I didn't warn you. I'm the only one here that's been saying for months that they were precariously down on cash and going to announce a dilution in December 2019.

They clearly didn't have the money to take them comfortably forwards and this was obviously going to happen.

Interestingly, we don't even know how much they plan to raise yet. I'd be expecting something within the 10-20 million dollar range though. Enough to last a good 3-5 quarters. At least they can be sure they will have Multikine results by then and be in a bargaining position timeline in negotiations with partners while filing the BLA, if results are good, which I/we all really expect they should be.