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Amatuer17

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Amatuer17

Re: Roadtojourney post# 7014

Wednesday, 04/08/2020 5:41:19 PM

Wednesday, April 08, 2020 5:41:19 PM

Post# of 8504
Small biotechs move on news - so they issue PR

They had $89 million cash on 31st Dec - they raised approx $120 million in Q1 and added 14 million shares. With trial over, the burn rate is low. So they will have around $200 million in cash so they do not need to raise further. However they have unused ATM to raise money and with price nearly doubling compared to Jan raise, they may be tempted
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