Saturday, October 06, 2007 3:47:55 PM
FINANCIALS
Cash (pro forma) $18MM
Burn in next 12 months $16MM
I have no way of knowing the accuracy of the R&R reported report, or if the European trial was included in these estimates, but for my own investment use, I am going to assume the report is somewhat accurate, and the European trials were not included in the burn rate.
I guess one could also wonder if R&R just used the trailing 12 months burn rate and then just regurgitated it, and should Cor not have to burn through the millions if took to appease the FDA's request for more data, then the burn rate would actually be less going forward. Arggg. I haven't spent enough time on this.....
Anyway, I want to error on the side of caution, and deduct the estimated cost from the remaining estimated cash levels as time marches on, for my own personal "estimate".
If for whatever reason, Cor does not have either streaming revenue from a BP deal, or a generous upfront from anything they have in their arsenal, well, I want to be prepared by mid 08.
Thanks for your thoughtful posts.....
Recent RSPI News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/06/2024 12:45:11 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/02/2024 12:30:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/08/2024 08:01:32 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/29/2024 01:03:20 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/02/2024 01:30:27 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/22/2024 01:45:38 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/11/2023 01:45:18 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/17/2023 09:06:03 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/14/2023 09:05:14 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/12/2023 01:00:21 PM
Transforming Alzheimer's Treatment: Innovative Combinations to Boost Cognition • PFE • Oct 2, 2024 9:00 AM
Unitronix Corp Unveils Cryptocurrency Investment Portfolio Strategy • UTRX • Oct 2, 2024 8:40 AM
Integrated Ventures, Inc Reports Total 2024 Revenues Of $5,863,935 vs $3,862,849 for 2023. • INTV • Oct 1, 2024 9:00 AM
Nightfood Signs Letter of Intent to Acquire Los Angeles Cooking School, Integrating Automation and Robotics with World-Class Culinary Training • NGTF • Oct 1, 2024 8:30 AM
ZenaTech, Inc. (NASDAQ: ZENA) To Commence Trading Today • COOP • Oct 1, 2024 7:00 AM
Element79 Gold Corp secures loi for launching tailings reprocessing business in Arequipa, Peru • ELMGF • Oct 1, 2024 6:38 AM