Mar. 20 at 8:06 PM
$CABR live short interest 1.47%, CTB 16.09, break of 1.33 has real room to run. D Boral aka EF Hutton is so gross they can run em with the best of em.
OS: 14.74M -- Float: 7.14M (float is only 48% of OS, suggesting large insider/restricted block).
Cash:
$3.4M estimated current, burning approximately
$210K/quarter. 48.3 months of runway -- no near-term cash crisis.
FINANCINGS
May 2024 Private Placement: 2,110,000 shares at
$1.00, with 2,110,000 warrants at
$3.00 exercise (expiring April 15, 2029). All warrants remain outstanding. Registered. Customary anti-dilution only -- no death spiral mechanics disclosed.
November 2025 S-1 Offering: 1,000,000 shares at
$4.00 via D. Boral Capital, raising
$4.0M. No warrants attached. Underwritten.
August 2025 Warrant: 200,000 warrants at
$4.00 to Greentree, expiring August 2030. Not registered. Customary anti-dilution.
Clean structure. No converts, no variable rate debt, no toxic lender footprint. The May 2024 warrants at
$3.00 and August 2025 warrants at
$4.00 are both significantly out of the money at
$1.05 -- no near-term exercise pressure. Baby shelf status is likely applicable with 15m market cap. The
$4.00 S-1 offering in November 2025 at nearly 4x the current price suggests either significant price deterioration since that offering or the offering was priced at a premium to then-current market -- Low dilution risk profile overall.
