Nexien BioPharma Inc (NXEN)

[IAmTopG]

Correct, looked like they are burning $800K for admin expenses per Q. So eventually either private funding or dilution required to continue operation and more (significant fund) needed for CT or perhaps Joint Venture.

They raised 2.1 millions in Sep 2019. But based on the Working Capital they have as of Sep 30, I assumed this 2.1 millions had been used up?

I think if they managed to go thru Stage 1, timing to get in is crucial as dilution will continue to occur.