The spending will come down since CLBS 20 was suspended. This was not realized in the last quarter ER. Operations related to rental space will also come down due to the closing of the Madison Ave space and consolidation out to NJ. Lexington Ave is still open and I would think that also will be moved out to NJ. Rental space in CA was sub leased to Ai Vita. Thats off the plate. The 7-8m quarter will be down to 5m IMO. Sanford is paying for the Lions share of Phase II study of CLBS03. There is no doubt there is a long road ahead. I share your concerns about non disclosure of royalty payments and other milestone payments.
They also used part of the Hitachi payment to pay off debt. This shows in good faith they are trying to right the ship. IMO I don't think they will be using the Aspire line of credit
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