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rocky301

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rocky301

Re: Riddakilla post# 33374

Monday, 08/08/2011 10:32:23 PM

Monday, August 08, 2011 10:32:23 PM

Post# of 92948
Riddakilla,


What's your thoughts on answer he gave to the question about the potential/eventual need to draw down capital from the contracts in place and the need to authorize more share in doing so

Well, I expected both to happen and have said that here quite often.


And can you give me the reason for the 4M draw down? Was it to pay the 10 new employees?

The draw was based on paying CHA $800K for Hemangioblast licensing for USA and Canada, plus $2MM in costs to run the program per year(including 10 employees)..
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