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Citrati

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Citrati

Re: chmcnfunds post# 2765

Tuesday, 11/29/2016 2:53:36 PM

Tuesday, November 29, 2016 2:53:36 PM

Post# of 3443
Nice find thanks.
So they get $15million now and up to 140million for a compound they weren't going to pursue. Nicely done IMO. Ho hum for the market but very nice for the balance sheet. Add in the recent financingat $2 and IDRA is well funded through 2017 if they maintain their average 2016 quarterly burn rate of $13million. For now I think that $2 financing is the biggest part of the price ceiling.
All IMO only.
IDRA
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