AVNR Last 4 qtrs seems to burn an *average of $18.5M per quarter, having * around 43M that would be currently available. Imho
That may say cash is drained within the next 2 qtrs or maybe there is an ATM in place (didn't look). Hence if not, some sort of ATM, or offering, or milestone may well be needed before the PDUFA in Nov.
The company enterprise value/share is very near where we are.
Should be an interesting ride but inho we will have to keep an eye open for some event to raise cash with before the Nov PDUFA..
Companies should Raise cash when they don't need it, vs when they do need it and get a tad desperate, if it is a share offering the stockholders end up better usually that way.
Personally I would love to see some rallying events in light of the above observation. Time will tell as it always does.
BOL
T2m
