May. 12 at 3:21 PM
$SKYE Their money situation is very concerning. Unfortunately, the share price is way to low for any kind of meaningful cash raise through dilution. Not sure what levers they can pull. But
$17.1M will not get them far and we really wont have any news of substance until the 4th quarter. SKYE needs a partnership with some up front money or to be acquired STAT. I know they have said they have cash until the 4th quarter but, the way they go through money I don't see how they can make it through the 3rd qtr. They are going to probably need to do some kind of dilution and then hit us with a reverse split. They might be able to raise
$10M that way but, that is assuming they can find investors to buy the diluted shares. They are in quite a predicament. They really need a partner BAD.
