Just when it looked like it couldn’t get worse

It’s no secret that our friends at Tandem (NASDAQ: TNDM) are in a pickle. The company is running out of money and is in desperate need of additional capital. Based on their most recent public statements and/or SEC filings they are down to just a little over $14 million in available cash. Back on the 16th of January the company filed and S-1 which was later amended on the 29th. In the amended S-1 they stated they intended to raise $46 million by issuing another 13.5 million shares.

That is the last we have heard . . .

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