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Re: gfp927z post# 10685

Saturday, 10/06/2007 3:47:55 PM

Saturday, October 06, 2007 3:47:55 PM

Post# of 51838
Hello gfp927z, Do you an idea of how much the pilot trial in Europe might cost? I am trying to keep my eye on cor's burn rate, recently posted here from a R&R Oct. 1st, 2007 report as:

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.....
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