Cel Sci Corporation (CVM)

[sushifishman]

Hey Kids! Its Math time!

The last 10-Q for the period ending 12/31/22 stated that CVM had $18M in cash. That filing ALSO said that CVM was FORCED to give their Landlord another $2M in cash on 1/11/23 due to low cash balances. Therefore, they had $16M in early Jan,

Their cash burn, according to the Cash Flow Stmt, is about $5M per qtr or $1.7M per month. So lets do some math

$18M - $2M (Landlord) - $5M (Jan - March) - $1.7M (Apr) = $9.3M as of TODAY

Fast forward to end of May, they will ONLY have $7M. End of June, a little over $5M...You get the picture

Bottom line, they will need cash soon

Im hearing a $25M offering of 12M shares do be done AFTER the May 23 SH meeting

Facts are tough

Cheers!