Neuro, Any idea if they've reduced the cash burn rate in Q2 compared to Q1? (was approx $277 K /month in Q1) In the past they temporarily cut their own salaries at key times, but any idea if they've done that this time?
If not, by my calculations they could be completely out of money in June. By deferring salaries they might be able to add a couple months.
If it's getting that close to the end, Varney must have a plan close to being finalized, either a financing or some type of asset sale/partnership deal, merger/buyout, etc. He's cutting it extremely close, but perhaps either Samyang or Servier will save the day with a reprieve.