Revance Therapeutics Inc (RVNC)

[alertmeipp]

If they have another 50mm or so in the bank, then this going concern designation wouldn’t be here.

It really just means they need to refinance or raise equity within 12 months to keep going. I think it is somewhat expected they would need additional capital but the question was at what price. The hope was they ramp up the sales quickly so they can capital at better stock price.

It is clearly not a pretty picture now since Foley and management has now wasted months on this stupid buyout which slowed down the product ramp up. Ie - they might now need to raise capital with lower stock price.

It is bad but Dont think its a shocking development.