Oculus Files To Sell More Securities Than Its Market Cap (OCLS)

Oculus Innovative Sciences, Inc. (NASDAQ: OCLS) has just filed a shelf registration that would allow the company to sell up to $75 million in securities. The offering can be in stock, debt, warrants, or preferred shares. The use of proceeds is for general corporate purposes. There is just one small problem: The company’s market cap is $73.6 million shares. Oculus has developed, manufactures, and sells a family of products intended to prevent and treat infections in chronic and acute wounds. Its platform Microcyn is a proprietary oxychlorine small molecule formulation that is designed to treat a wide range of organisms…
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Original Source

  13 February, 2008| Economy | @ 22:12

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