Friday, November 13, 2015 11:47:42 AM
Dmlcento I try to reverse positions on a dime ...
if I can find reasons to do so.
So an example of what I look at .
We had weekly script data today ...TRx of 14,360 +3.57%.
If we average that rate of growth going forward ...how many weeks until we have doubled weekly scripts .
Answer ...about 20 wks ( 5 mths )
Rule of 72 .....Gabor ( or anyone else with a math background , correct if necessary ).
From memory of Gabors work we need about 34,000 weekly TRx to be break even . So we are not going to get close to break even at the time many of you expect Interim results ( Late Feb for the 967th event then 3 mths to process data )
So what will change my mind .
Basically a faster up tick in weekly scripts and a reduced cash burn .
I want to be certain that the Co can avoid dilution not matter whats happens at Interim , or even when it happens.
Kiwi
if I can find reasons to do so.
So an example of what I look at .
We had weekly script data today ...TRx of 14,360 +3.57%.
If we average that rate of growth going forward ...how many weeks until we have doubled weekly scripts .
Answer ...about 20 wks ( 5 mths )
Rule of 72 .....Gabor ( or anyone else with a math background , correct if necessary ).
From memory of Gabors work we need about 34,000 weekly TRx to be break even . So we are not going to get close to break even at the time many of you expect Interim results ( Late Feb for the 967th event then 3 mths to process data )
So what will change my mind .
Basically a faster up tick in weekly scripts and a reduced cash burn .
I want to be certain that the Co can avoid dilution not matter whats happens at Interim , or even when it happens.
Kiwi
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