InvestorsHub Logo

wimuskyfisherman

09/18/18 1:50 PM

#36679 RE: bluelucky #36678

blue- Good question on funds. Rexista is at least a year away from launch so how does Odidi come up with $12-13M to support costs? Current revenue per quarter is only $0.5-1M. So he really needs to find another $10M to sustain company for another year. The market cap is now lower than the annual burn rate so any type of dilution hurts shareholders and puts Odidi in a position where he loses control of the company. Unless of course he buys the shares.