The 6/30/17 cash balance was $165.5M, a reduction of $4.2M relative to 3/31/17 (#msg-131213039). The small cash burn was due to use of the ATM facility—details will be available in the 2Q17 10-Q or on today’s CC.
Cash-usage guidance for full-year 2017 (excluding financing transactions) is unchanged at $102-112M.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”