Your DD is lacking. Please review what has been communicated wrt cash on hand (Jan), in addition to the raise (Apr).
LOL! I did do my DD which is exactly in line with what I said. They have around 26mm (32 + 9 - 15) in the bank with a cash burn rate of 45mm a year. That burn rate should be considered conservative too given that we're now covering NEO costs as well as ramping HOT.
You're welcome tell me where my DD is wrong in saying they don't have enough cash for the year? Your definition of near-term bankruptcy may differ but that doesn't change the situation this company is in.
If you have new info then by all means let us know.
His DD is waiting for a miracle; waiting for pps to go to 3
LOL! I did do my DD which is exactly in line with what I said. They have around 26mm (32 + 9 - 15) in the bank with a cash burn rate of 45mm a year. That burn rate should be considered conservative too given that we're now covering NEO costs as well as ramping HOT.
Unless Berlin announces a fat cash deal on the 11th, the conference call might be ADXS's last. It is getting pretty clear that time and cash are running out, and unlikely that another raise will supply more.