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alexander77

09/13/15 8:06 PM

#6593 RE: TexasRambler #6592

They have enough cash to fund operations for at least 18months
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tob999

09/13/15 8:25 PM

#6595 RE: TexasRambler #6592

Only 18% reach Phase III.
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tob999

09/13/15 8:30 PM

#6596 RE: TexasRambler #6592

Also the 45 million will be gone long before the end of 2016.

This is a sweeping statement. One cannot say what the burn rate is for forthcoming months. It is higher in Phase III earlier stages. Next month they may burn $5M-$10M and the following month $2M.