Interesting sentence in the "Our Estimates" section of the Zacks SCR Report:
"We note that at current cash burn rates, Resverlogix does not have sufficient cash to complete the fiscal year. The company will need to raise additional funds and we anticipate that they will issue equity shares to fund operations for the subsequent year. While management has not provided any indication on timing, our model assumes a share issuance in the fiscal fourth quarter that will raise an additional $30 million increasing shares outstanding by 22.5 million."
This $30 million/22.5 million shares would definitely need revising if the share price continues to surge like it has this week.
BearDownAZ