Cash Runway Getting Short

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anonymous

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I hope the following doesn't come as a surprise to anyone, but the cash runway is getting really short, see a direct quote from the Esperion 3Q 10Q below.

"After taking into account the corporate workforce reduction and other targeted program savings, and excluding the $50.0 million of restricted cash (which could remain restricted until the Company's secured obligations under the RIPA are satisfied), the Company expects that its current cash runway allows it to operate into the second quarter of 2022. The Company will implement additional cost reduction measures as needed if additional collaboration or capital funding is not available"
 


Not good! They've been feeding this beast the last 3 years. How long did these idiots think this would last in basically no sales . Squeezing out 5-10 million per quarter covers nothing. One thing for management has factored in there asshole golden parachute bonuses no matters what happens. This isn't going to end well.
 


anonymous said:
I hope the following doesn't come as a surprise to anyone, but the cash runway is getting really short, see a direct quote from the Esperion 3Q 10Q below.

"After taking into account the corporate workforce reduction and other targeted program savings, and excluding the $50.0 million of restricted cash (which could remain restricted until the Company's secured obligations under the RIPA are satisfied), the Company expects that its current cash runway allows it to operate into the second quarter of 2022. The Company will implement additional cost reduction measures as needed if additional collaboration or capital funding is not available"
Click to expand...
 




Esperion will continue with double talk and the continued use of moronic catch phrases( uptick,traction,runway,rotational shift) all to hide the fact that this has been a massive failure. Investors are fools to be putting any money into this mess.
 




Eventually soon somebody is going to want a return on their investment. Even if Outcomes comes back average this won't move the needle or generate the type of revenue needed to sustain a company.
 


Yes. Someone wants a return on their investment.
Management has won. They get their big salaries.
The someone gets nothing on their investment.
Funded management big salaries.
 


I’ve been pretty happy here, making good coin and projected bonus is solid. Some people have unrealistic expectations and fail. I’d say on balance we are in a good spot with momentum going forward.
 


Hey.
Good to hear that you are pretty and happy.
And making good coin.

Are you a Scientific Hired, Highly Tenured Customer Facing Teammate, and Lipid Trained Expert ?

Do you stay in touch with the fired Scientific Hired ?

When is the Alumni reunion ?
 


Were in big trouble today. Stock at $5.40. Down 40% today. The stock offering deal has backfired and investors are unloading and tired of being dupes. Penny stock here we come.
 




A total slaughter of the stock today! This really backfired. Even buying in at $7.00 offering of common stock sale( cup in hand) this couldn't of gone any worse. How many more bonehead decisions are we going to survive? God help us!
 






Even after giving away the farm with stock purchase program( panhandling) we continue to stumble in the $5.00 a share range. At least we fleeced some money this past week to keep afloat another quarter.
 


Watching the stock go from $78.00 a share to $5.00 a share in a year and half speaks volumes of how much of a failure this has been. The begging for money is really pathetic with their stock purchase sale as of recent.
 




We finished at $5.17 a share today in another rough day for Esperion. We're going to be in the $4.00 range in no time. Remember all the arrogance when we dropped from 78.00 to 50.00 literally overnight and the lackeys in Ann Arbor said we would be at 100.00 a share in no time. Where's the Ann Arbor loudmouth now with these embarassing $5.00 a share beat downs?
 





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