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Celsion Corp. Message Board

  • mining_phd mining_phd Apr 19, 2013 9:43 AM Flag

    As the cash is used to pay the salaries, look for the stock price to sink further.

     

    How will they continue to function as a firm, when the money runs out. will they do a secondary offering and try to raise $10,000,000 to fund those salaries another 2 years. LMAO. Shorts will never have to cover!

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    • We believe that our cash and investment resources of $23.1 million on hand at December 31, 2012, as well as the $26 million of net proceeds the
      Company collectively received thus far in the first quarter of 2013 from warrant exercises, the non-refundable payment from Hisun under the
      technology development agreement, the ATM Agreement and the Preferred Stock Offering, is sufficient to fund operations through
      2015.

      Page 18 of the 10k filed March 18

    • They will function with the 50M they have. Look at my previous post, they have enough cash for the next 2 years. Quit spreading lies.

 
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