Jul. 23 at 10:51 PM
$ACON Hey friends. Regretfully I must say that I have moved on from this stock. I sold all my shares today. The risk is too high. I think I tried to push against logic for a while because I work in imaging and really like what the company is doing, but I finally had a moment of clarity today. Things just don’t look good and the facts speak for itself. They are expected to burn 4.5 million a quarter, even with the clarity trial paid for. They would run out of cash even before mid 2026. They will continue to burn cash at this rate, yet revenue is only expected to be on avg
$125,000. That’s peanuts when you’re burning almost
$20 million a year. The shelf offering is set up to allow dilution, and now they passed the vote to allow a reverse split again. The 2 go hand in hand. Logic says they will run out of that 15 million they have very quickly and they don’t have meaningful revenue yet!
Best of luck everyone! I truly hope it works out! It just didn’t make sense to me anymore.
