Orgenesis Inc (ORGS)

[jfk]

Out of cash by end of quarter...will need to do a raise...big time...and they are bleeding cash big time. This could turn into a disaster (regardless of the sales) as they need money to keep their doors open. They blew through $100M, their entire cash hoard, and now they are on fumes. A friggin mess, courtesy of Vered. Oh, and she gave herself a $4Million bonus. She may have shipwrecked this company. The next 2 months will determine whether this lives to see another year of solvency. A total F-up.