Inotek Pharmaceuticals Corp (ITEK)

[staccani]

Wrong; they are spending $9M a QUARTER and not now that ph3 is finished, so probably have spent less and will be spending less in the near future. Moreover Net financial position was $138M less 48M convertible note as of Q3 2016 , ie $90M , so you are looking at $80-85M net financial position now vs $45M market cap