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Re: Theburg post# 20548

Sunday, 11/13/2022 1:40:30 PM

Sunday, November 13, 2022 1:40:30 PM

Post# of 21540
They'll have to raise money next year regardless of what data looks like, so I doubt we'll stay below 15 million outstanding shares for long.

My guess is they will need at least $100 million to pay for all the planned trials plus other costs, which means exercised warrants can only pay for some of that.

Market is forward-looking and will take this into account when valuing the company.
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