October 26, 2018 2:32pm
CUR is down -$0.23 or -27.06% to $0.62 on news of offering
CUR is just another DISASTER waiting, if not happening!
CUR has entered into a registered direct offering for the purchase of 3M shares of its common stock, at a purchase price/share of $0.70.
The closing of the offering is expected to take place on or about October 29, 2018.
CUR has a -35.11% 52 week change, a 8.17% (555.82 K shares) short position and a low cash position of $6 M +. The problem is their -$9.98 M operating cash flow. January opened 2018 at $2.03 and steadily declined … CUR is just another DIASTER waiting, if not happening! How many CEOs have been through this “porthole” in the past 4 years – three (3) too many … this “dog’ barks!
H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.