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Organovo Holdings, Inc. Message Board

pokeyman3 1 post  |  Last Activity: Jul 3, 2015 8:12 AM Member since: Apr 8, 1999
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  • pokeyman3 pokeyman3 Jul 3, 2015 8:12 AM Flag

    Look at the history of this "public company". They've changed their name from a gold outfit, to a future-/ oriented health outfit to an augumented realty outfit. they market the name and then cash in on fluff press releases. Each time money flows in and it is pocketed. Maybe they'll switch to autonomous car software company next!! VUZI was the play in the early stages of AR. They are actually a company.

    See a portion of their latest filing below:

    We need to raise additional operating capital on an immediate basis. Management believes that current cash resources, will allow us to meet current working capital requirements through October 2015. However, without additional sources of cash and/or the deferral, reduction, or elimination of significant planned expenditures, the Company will not have the cash resources to remain as a going concern thereafter. Except for the $3,750,000 million commitment to purchase Series B Preferred Stock (as discussed), which is subject to our stockholders approving an increase in our authorized share capital, we have no commitments for any such funding, and there are no assurances that additional sources of liquidity can be obtained on terms acceptable to the Company, or at all. If the Company is unable to obtain adequate financing or financing on terms satisfactory to the Company, the Company will not have the cash resources to continue as a going concern after October 2015. These conditions raise substantial doubt about our ability to continue as a going concern.

    Sentiment: Sell

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