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Post# of 251952
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DewDiligence

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DewDiligence

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Re: DewDiligence post# 251697

Tuesday, 05/14/2024 5:44:09 PM

Tuesday, May 14, 2024 5:44:09 PM

Post# of 251952
AEON has a liquidity problem—1Q24 results:

https://www.globenewswire.com/news-release/2024/05/14/2881873/0/en/AEON-Biopharma-Reports-First-Quarter-2024-Financial-Results.html

Net current assets at 3/31/24 were negative ($13.5M). Hence, even after accounting for the $15.0M AEON received from its supplier, Daewoong in an Apr 2024 private placement, net current assets as of today are either close to zero or negative.

No CC.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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