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Re: gatesoft55 post# 28611

Friday, 08/18/2017 7:33:41 PM

Friday, August 18, 2017 7:33:41 PM

Post# of 189814
actually, very very wrong

the mere fact that LWLG has been forced to use toxic financing through notorious toxic funder Lincoln Park Capital EXACTLY defines that LWLG has gotten itself into a financial pickle.





Mack-

One of the reasons that LWLG has not gotten itself into a financial pickle is that they have been very frugal with their spending. LWLG has absolutely no debt and a historic burn rate of less than $4 million annually. Being financially prudent coupled with tapping LPC occasionally for funds has worked well for LWLG. We are in very good hands.


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