InvestorsHub Logo
Followers 36
Posts 1075
Boards Moderated 0
Alias Born 05/17/2005

Re: None

Thursday, 02/21/2019 8:51:37 AM

Thursday, February 21, 2019 8:51:37 AM

Post# of 458
CLSD - Cash - and cash burn rate.

First let me be clear. I'm not bashing CLSD. I don't know what the stock will do over the next 8 months.

The 65+ mil in cash people keep mentioning comes from the last Q report which ended Sept 30th. They lost 24 mil that Q. It's been 5 months since then...

So how much cash do they have now? That's the big question. Unless they did a MAJOR slow down in spending I see no way they will make it another 4 months without raising money.

Any way to find out there current cash and burn rate?

I do think they have better than 75% chance at approval in October. But that's a long ways off.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent CLSD News