Marathon Patent Group appoints CFO with capital markets experience

|About: Marathon Patent Group, Inc. (MARA)|By:, SA News Editor

Marathon Patent Group (MARA +1%) CFO John Stetson will step down and assume the position of Executive VP, to be replaced by Richard Raisig.

Most recently, Raisig was CFO of Petrosonic Energy, a start-up energy tech firm.

Given Raisig's history of shepherding capital raises at public companies and experience in investment banking, Marathon may be gearing up to add more money to its warchest. The company ended Q3 with $5.86M in cash and burned $947K during the quarter.