Mar. 17 at 4:13 PM
$OGEN $8M cash on their current burn rate will last them until October at the very latest, more likely to be much sooner than that. Meaning they’ll be issuing some of those 100,000,000 shares they have authorised for their ATM offering any day now, if they’re not already.
Absolutely nothing to look forward to here - even if, by some miracle, they manage to create a product they can sell and make money from for the first time ever, they’ll have destroyed 99.9999% of the stock price by then through capital raises and toxic financing
