It clear they are running out of cash ... but this can be easily corrected ... an additional stock offering will prove them enough cash to keep the lights on and then some. The con: will increase the number of shares available and the stock price will drop ... maybe significantly. On the other hand, they have a winner on their hands and they need enough cash to have a stronger hand when negotiating with a possible suitor
They can Dilute all they want, Im selling out monday morning with my Gains. It does make my question how come all insiders sold their shares at the same time if more good news will come? Well it doesn't matter anymore, I bought in last week and im up and will keep my profit
If that's the case they said they had 31mil at the end of last year + 98mil = 129mil and say they burned 8.5mil (based on average of last year burn rate/quarter) last quarter (Jan-Mar) that leaves them with 121.5 million.