Meanwhile in Energous ......
Looks like they are going for chapter 11 very soon.....
As of Dec/31 they had $20m of cash, and were burning $50m/year.
Since, they said they published a prospectus (the initial document for raising money on NASDAQ), anounced they raised $25m, canceled the prospectus, filed a different one, all without actually issuing a single new share to the public (according to the number of outstanding shares on their website)
https://www.sec.gov/Archives/edgar/data/1575793/000119312519059126/d714685d424b5.htmhttps://ir.energous.com/quoteSo they should now have money for maybe 4-8 weeks, the number of employees on Linkedin appears the same 73 as before, so the train is moving at the same pace.
The VP of regulatory affairs and operations disappeared from the website, and the VP of R&D assumed his responsibilities
https://energous.com/company/management-team/daniel-lawless/Michael Leabman, the founder and former CTO is nowehre to be found on the company website anymore...
https://energous.com/company/management-team/michael-leabman/Mr Leabman was on their board of directors up until recently, they anounced he would be reelected to the board, but apparently he did not.
https://www.sec.gov/Archives/edgar/data/1575793/000114420418001816/tv483139_8k.htmI think the mice are abandoning ship, I can't say they have no money, after all $8m is a LOT, but they are going full steam ahead and the track ends in a few weeks.