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DewDiligence

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DewDiligence

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Re: bladerunner1717 post# 160907

Wednesday, 05/08/2013 11:04:31 PM

Wednesday, May 08, 2013 11:04:31 PM

Post# of 257262

XOMA—Are you concerned with the company's finances. They had $70 million in cash as of March 31st. They are burning $25 million/quarter.

Your arithmetic is off; cash burn in 1Q13 was $14.9M (#msg-87718360). The company’s guidance for 2013 full-year cash burn is $50M.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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