Hi Spidey,
Don't take your posts as attacking in the least. Likewise with mine.
I too had to take a look back when I read these amounts in the quarterly report. The first two, nobody realized it was not going all to Pluristem. The last one, it was immediately realized. Looking back, they are similar. The tweet however, doesn't clarify that whatsoever, and states was awarded to Pluristem. Different and misleading.
Now the only reason I bring all of this up, is when someone thinks we have $18 million in the bank as of Sept 30th, with another $15 million from the raise. People try to think that the grant money adds the full amount to this, which it obviously doesn't. With the whole grant included, it would be closer to $50 million. A nice thought but incorrect.
I stated back then, that at the time of the end of our last quarter, we were just over 3 quarters of cash lest. A little concerning to say the least, that a "late" stage company, would let it get this close. And as soon as money from raise is done, we book the most amount of shows we have ever done.
They do have enough cash right now for the next year I would say, before getting into concerning territory again. But we will have to look carefully at the burn rate, as I'm sure with all the travelling for shows, and increasing of sites and progression of trials, it will surely increase. I will also be watching for the bonuses to the twins for the non dilutive grants. Hopefully they only get 4% (I think that was the number) of the direct to Pluristem cash, not the full grant value. Pretty sad they need to be incentivized to do this type of thing, after being gifted a couple million shares each.
