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Wednesday, September 28, 2022 1:21:31 PM
Orensova
57m
$KTRA hi, fellow investors I would like to share that I just finished a 30min zoom call with the CEO Mr.Hofman.
So, first of all, he is a great guy and seems to work in many directions for the company and the shareholders.
He believes that they are one of the only treatments left standing in the GCAR trails. He is reducing the cash burn rate to about 1M $ a month and has well enough for 1st Q 23 and will need about 9-10m$ to reach the finish line for GCAR results. there are risks and r/s may be in the cards, but also OTC is not a wrong place to rebuild since Inst are not in a habit to invest in 10 cents stocks.
I got a lot of confidence after talking to him (by the way, there is no 136m$ debt for the company as was misunderstood by another board. Its an accumulated loss). I will not sell my shares and will also add. Good luck to him and his staff and also to us.
There is a light at the end of this tunnel.
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