CaliPharms Inc (KGET)

[Another Casualty]

"Cash Requirements



The Company plans to fund its activities, including those of KET, during the balance of 2013 and beyond through the sale of debt or equity securities and/or financing by banks and private investors. The Company believes that it will require approximately $1.5 million fully to fund its operations for the next 12 months and $200,000 in order to commence many of the activities set forth in its plan of operations. We have met and continue to maintain contact with a number of prospective sources of financing and have received indications of interest from some of them, but we have received no firm offers from any of these prospective sources. We can give no assurance that sufficient funding will be available on acceptable terms"

Looks like they either A.) Will crash and burn 2014, or B.) actually have 10 mil - 20 mil ready to go and thus we are in good hands.