Neuralstem announces proposed public offering, size not disclosed
4:57PM Neuralstem announces proposed public offering, size not disclosed (CUR) 1.38 +0.38 : Co announced its intention, subject to market and other conditions, to commence a public offering of its common stock. Neuralstem intends to use the net proceeds from the offering for general corporate purposes, including research and development expenditures, working capital, capital expenditures, clinical trial expenditures and other general corporate purposes.
CEO of AEZS said during the conference that another ATM is likely due to heavy financing of the trials. Why they should seek another ATM when the last ATM completed just 2 months ago? Are we cash cow of the company?