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Thursday, March 31, 2016 12:07:55 AM
Cash at 12/31/15 = 22m
Accounts payable at 12/31/15 = 17m
Conservative estimate of 2016 monthly cash burn = 5m
Zero cash at Feb 2016 = toxic financing.
The 10m from the last financing should keep the lights on for another 4 weeks or so..
With regard to your response to my post. Why not just set the record straight? Call Les, ask him if the current partial hold is in any way related to the investigation. Then ask him if Linda Powers presented today at the World Vaccine Congress and if not, why not. While you are at it, ask him if enrollment is complete. Tell me Senti. Why would they list the potential inability to complete enrollment as a risk if enrollment were already complete??
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