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Re: None

Thursday, 03/09/2023 10:02:41 AM

Thursday, March 09, 2023 10:02:41 AM

Post# of 43782
CASH RAISE NEEDED AROUND JUNE

Cash Balance at 12/31/22 was $18M (confirm with the 10-Q filed)

They have a $2M per month burn rate. (confirm with the 10-Q filed)

Thus at the end of March they will have about $12M.

But wait. Per the "subsequent events" note in the 10-Q, they had to give the landlord $2M extra. So now they will have only $10M at end of March.

At end of June $4M

Facts are tough

Geert will raise around June

Remember, per EF Hutton they dont expect to file the BLA until end of the year.

This stinker is headed to $1

The Lord wont save you Q

Cheers!
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