On 7/2/19, CEL-SCI Stated they are still waiting on the 298th event to occur!!!!


If Cash is King, Then Let's Call Him "King Geertie"!

The 2nd Quarter (3/31/19), 10-Q was released recently.  Link Here


As of 3/31/19, CVM had over $5.5M cash on hand PLUS $7.6M from 4/1/19 to 5/13/19 warrant conversions.  These conversions were not reflected on balance sheet at 3/31/19.  Thus, a total of $13.1M in cash to "work with" 


They have a cash burn rate of $1.1M (assumes some  employees  will  take  stock  for  payroll) per month.  This means they will have enough cash until at least February/March 2020.  They likely will not need a cash raise until January 2020.  This all assumes NO news of 298/successful PHIII.


The above  doesn't include  any  cash  from  additional  warrant  conversions.  The  more  that are  converted the  better  for  our  cash  position. 


WHEN 298 is announced and the results are deemed successful, the game changes.  They will need a sales team, marketing expenditures, fees for FDA approval, hire new employees, etc.  But when its deemed successful, the share price will be large enough to absorb some minor dilution.


Remember, much of this cash (nearly $9M) came from recent warrant conversions.  Link Here  That "toxic financing" finally paid off!