Monday, January 23, 2017 12:20:07 PM
From the company's 2017 first fiscal update, pre-funding they probs had about 24 million in cash, with a quarterly cash burn of about 5 million.
So now with this 15 million injection they have approx 39 million, which would normally last almost 2 years, but with a costly Phase III starting, the cash lasting about 1.5 years at best.
Agreed that if the potential 30 million China deal gets inked then we're fine, and while likely, we can't assume that. And without it we will be in store for another round of dilutive funding in just over a year down the line.
So how far through Phase III are we expected to get on the current 39 million?
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM