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Re: KatCat post# 14021

Wednesday, 07/26/2017 2:02:55 PM

Wednesday, July 26, 2017 2:02:55 PM

Post# of 40492
Might need the $75 mil because they burn $15 million per quarter. As of June 30th they had enough cash and investments to fund 1 year of operations. They have no apparent sources of new cash so the offering gives them another year to prove they are worth further investment.
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