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Wednesday, January 14, 2026 10:55:23 AM
>>Let me put it in perspective. Our burn rate in 2023 and 2024 was particularly high, very intensive years, in the low 50 millions. It’s down substantially this year. But if we kept up that same burn rate, and we did all equity financing, and the price was still in the 24, 25 cent range, it would take years to use those shares.
And we’re not going to do all equity financing, and we certainly hope that our share price is not going to stay at 24, 25 cents. We plan to focus on non-dilutive.
So no to the fear mongerers. We are not going to just burn through a whole bunch of shares at a crazy, fast pace.
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