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Whalatane

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Whalatane

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Re: molee post# 316

Tuesday, 06/25/2024 4:31:11 PM

Tuesday, June 25, 2024 4:31:11 PM

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Molee. Was that at the end of Q1 ? Co is losing around $20m a Qt IIRC so now down to $29m ??? . End of trial will mean lower loss rate in Q3 but Co is gearing up for another trial in its other indication ....so a capital raise is inevitable and since stock is trading less then a $1 ...none of the warrants issued will be converted to stock ( generating cash for the Co ) .......so dilution and reverse split ( by end of year if stock stays below $1 ) unless they really bring off a miracle
Bummer
Kiwi
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