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Re: tredenwater2 post# 3101

Thursday, 11/17/2022 2:27:04 PM

Thursday, November 17, 2022 2:27:04 PM

Post# of 3912
<< Mini capital raise? Sava should be getting ready to reload the coffers again no? >>

WRONG!

In the most recent quarterly filing, SAVA reported that they will burn around $80-$90 MILLION for full-year-2022, and that they have about $175 MILLION in cash. That should last them around another 2 years.

"We had cash, cash equivalents and marketable securities of $174.7 million as of September 30, 2022, which consisted primarily of U.S. Treasury securities and money market accounts."

Volume:
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Total Trades:
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  • 5Y