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Re: Nerf post# 1399

Tuesday, 09/11/2007 5:07:23 PM

Tuesday, September 11, 2007 5:07:23 PM

Post# of 8473
>> They have enough cash for this year and part of next.

Some would say that is far too little cash for a cash-burn biotech.

One of my little bios filed a shelf to raise cash and they have OVER 4 years at the projected burn rate.

>>and this isn't the best time in the market to be trying to raise,

The lower your time to burn cash - the worse your position. With only a year of cash, how can you wait - 9 months from now could be MUCH worse.

zip

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