Craig · @CraigTrader
28th Jul 2016 from TwitLonger
$EVOK has (60 Days) cash remaining, stock has no business being up at all. See:
From July 20, 2016
EVOK
Our operations have consumed substantial amounts of cash since inception. We believe, based on our current operating plan, that the net proceeds from the offering, together with our existing cash and cash equivalents (and after repayment of our obligations to our secured lender), will be sufficient to fund our operations through only the next 60 days, although there can be no assurance in that regard. We will be required to raise additional funds in order to continue as a going concern.
We estimate that the net proceeds to us from the offering, after deducting placement agent fees but before paying offering expenses, will be approximately $4.4 million. We may be required to pay as much as $2.5 million to our secured lender, which will result in as little as $1.9 million available for us to continue to fund further development of EVK-001 and other working capital and other general corporate purpose
https://www.sec.gov/Archives/edgar/data/1403708/000119312516651782/d152836d8k.htm Item 2.04