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Thursday, September 22, 2011 7:04:39 PM
Was there any hint of how much a cash burn is expected? Was it contingent on MNTA pushing forward with one or more FOBs without a partner?
Unfortunately I got to the call a bit late and was multitasking while listening and I haven't had a chance to relisten, so somebody else will have to chime in here. But he did say while I was listening they would be in a cash burn situation and wouldn't be reducing spend. My sense was that it was cash burn just based on current levels of spending without ramping anything up. As I type I think I remember him suggesting that they have the cash for many quarters, and even many years of operations.
Others could add more.
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