Sep. 6 at 4:50 PM
$HUMA not sure why a degenerate gambler bull trapped in a bad short term spot would want to attract attention to the most recent filings. They want me to buy now to rescue them and hold their bags and their defensiveness tells it all. I have a grounded opinion (based on the filings) that it’s better to wait until a clear turnaround with profitability. What a monster I am.
https://investors.humacyte.com/static-files/227a1192-4db2-4d96-941c-5fdfae81c425
Revenue vs losses:
$899K product revenue,
$56.832M operating expenses,
$55.931M operating loss.
Cash burn concern: 79.903M cash,
$47.165M H1 operating cash burn, explicit going-concern language
Dilution and share count expansion:
3. 0M shares to 277.8M in six months, about 43.9% growth, plus authorized shares increased to 550M
Financing and debt:
$47.5M Lincoln Park capacity,
$40M funded term loan, 11.5% minimum rate,
$22.3M purchase commitments
Nasdaq deficiency:
Sub a dollar and has till January 27 to be back in compliance
