Contrafect Corp (CFRX)

[diannedawn]

Sounds good...
"Strong Balance Sheet

In August 2014, the Company completed its initial public offering (IPO), raising net proceeds of $35.0 million. As of September 30, 2014, ContraFect held $31.3 million in cash. Net cash burn is estimated at $1.5 million per month. We estimate the cash balance should be near $26 million at the end of 2014, which should last into second quarter of 2016. There was no debt sitting on the balance sheet as of September 30, 2014.

We remind investors that ContraFect has two separate short term warrants which are traded on NASDAQ with ticker CFRXZ and CFRXW. The Class-B CFRXZ warrants are exercisable at $4.00 per share and expire on October 31, 2015. Given that these warrants are currently in-the-money and expire in nine months, we expect they will be exercised in full at points over the next several months. In total, these warrants would pull in roughly $13.7 million in new cash (before fees).

The Class-A CFRXW warrants are exercisable at $4.80 per share and expire on January 31, 2017. Given that these warrants still have roughly 24 months of remaining life and are currently under-water by $0.20, we are not anticipating any exercising of these warrants in the near-term. However, we note these warrants are callable by ContraFect management should the stock ever trade at 2x the exercise price of $9.60 per share for a period of 20 trading days. If called, these warrants would pull in roughly $33.0 million in new cash (before fees)."
http://finance.yahoo.com/news/cfrx-initial-look-contrafect-see-200000208.html