CNBX Pharmaceuticals Inc (CNBX)

[bigfred1]

Good read.
I just read the 10Q and I noticed that a company had a 1.5 million option to buy 1.5 million shares at 2 dollars and it did so for 1/2 million shares giving CNBX 1 million dollars on January 3rd, 2018 which gives us roughly 4 million dollars cushion.
This company has until May 7th 2018 to exercise another one million option at 2 dollars. Assuming they will do that CNBX SHOULD HAVE ABOUT 6.8 MILLION Dollars in their coffer less their burn rate which is about 550k a quarter. We had revenue of 1.7k ending November 2017 vs nil revenue in 2016. That means we should have roughly 3 years of expenses in the bag which is very good in my opinion. Also the 10Q lists very good results and patents in their notes section.
Other observations are welcomed.