GTC’s current cash balance is in the neighborhood of $20M less whatever has been spent on operations during 2008 to date. This includes the $6M from today’s financing.
(The old guidance of $20-22M in cash as of 12/31/07 included $6-8 from a partnership up-front payment.)
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”