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Friday, February 07, 2014 6:20:45 AM
There is however something else that troubles me and that unless an error occurred should at least raise questions.
How can they have 66 Milj$ dollar in cash end JAN 2014? They reported 44 Milj$ and raised 22 Milj$ (rounded) and that is indeed 66 Milj$
Now they do burn 7-12 Milj$ per quarter so there is about 2x9 (averaged) 18 Milj$ missing here. Avid can not be the source of that cash because that would stand for an extrapolated yearly profit of 36Milj$ and a turn-over of about 72Milj$ given they Avid claims about 50% margin.
So I am wondering where that cash came from and if the ATM has been used to help mask some other income?
They must disclose every income, right? Or can be that we've misterious income? Why this difference that you note in 5 minutes? Can be a merely mistake? Or can be a trouble?
I'm confident in Bavi's future, but now I'm not very confident in PL. I really hope that we can have a really calm week end, and a really calm friday AH.
Peregrine Pharmaceuticals to become the Microsoft of Biotechnology!
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