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Whalatane

10/27/14 10:56 PM

#37372 RE: MontanaState83 #37371

Hi Montana

Ignoring the FDA and just looking at the numbers .

Co says they have $135 m in cash 9/30 .
If they can keep their cash burn to $15m a Qt they go into 2015 with $120m.
Reduce it costs will be declining as almost fully enrolled ..so they could get to 2016 with more then $60m cash on hand

You have to think that some one or Co will fund this at least to interim analysis .

For those that like high spec positions , can handle a drop to $60c a share if they dilute , are only using $ they can afford to loose and are patient ...at 90c a share ..its an interesting spec play

JMO

Kiwi