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Post# of 92948
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rocky301

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rocky301

Re: jckrdu post# 30365

Thursday, 03/17/2011 9:38:25 AM

Thursday, March 17, 2011 9:38:25 AM

Post# of 92948
ACT has $15MM approx. in cash which is a drop in a bucket as to what they will need to complete 2 trials and possibly start another in Europe. They doubled their employees recently and will be burning through cash at a much faster pace than ever before once trials begin. To think Socius financing won't be needed would be a major stretch, imo.
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