The finance is still in good shape. If the trolls
Post# of 72435
Cash on hand = $6.3M
12-month planned expenses = $19M
Cash needed from Aspire = $19 - $6.3M = $12.7M
$12.7M / $1.25 per share = ~10M shares
10M shares / 123.6M total OS = ~8% dilution
Aspire available balance = $22M
After Aspire, shelf registration = $45M
https://www.sec.gov/Archives/edgar/data/13552...ix_10k.htm
As you can see, even if CTIX has to come up with all $19M at today's price of $1.25, it would be just a 8% dilution.
Quote:
Leo runs a very efficient operation. All the crooks would have you believe the contrary and constantly claim he's selling and diluting but that certainly is NOT the case.
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