Pulmatrix Inc (PULM): Pulmatrix had $27.8 million in cash at t...

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Commando911

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Friday, 04/17/2020 11:18:12 PM

Friday, April 17, 2020 11:18:12 PM

Pulmatrix had $27.8 million in cash at the end of September 2019. They go thru about 4 mil a quarter or so it looks like. They also got over 7mil from J&J in the beginning of this year.. That should be enough for at least a year and a half.

So this cash raise and dilution is peculiar.

Seeing is believing.

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