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Post# of 19309
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DewDiligence

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DewDiligence

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Re: biotechnewbee post# 18915

Friday, 05/29/2009 7:34:06 PM

Friday, May 29, 2009 7:34:06 PM

Post# of 19309
GTC is burning ~$3.5M of cash per month. Since the current cash balance is close to nil, GTC needs to raise about $42M to have one year’s worth of cash burn.

To have one year’s worth of cash burn plus enough money to redeem the LFB note, GTC would need to raise about $57M. Good luck with that!


“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
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