Jun. 1 at 7:08 AM
$TRIB
Following the money.
Dec 20 Trib got
$5M
Dec 31 Trib reported just
$5.138M cash. Yikes! Companies max reported cash - paying the bills on Jan 2. Cash clearly extremely tight with no buffers.
Apr 30 Trib got
$2.5M but were forced to make an emergency draw of
$0.87M from Yorkville beforehand.
So 4mth burn of
$5.87M. How long does the new
$2.5M last. End-June?
The (slightly rushed?) filings have put everything in place to instantly capitalise on a sudden share price jump. On top of that we have a new website ready to launch - I am guessing that's a corporate re-branding as a wearable biosensor company.
They would have held off on the recent filings if more cash was coming from Perceptive.
Something has to give. Feels like June is the month.
Trib need a 4-5 day share price run for Yorkville to work. Watch for Monday or Tuesday pre-market PRs. Fridays PRs are for bad news, Thursday not much better.
I'm guessing June 8/9 or 15/16 but could be as early as today.
