The burn rate was $8M/Q, not $2M/month. That makes a difference if you are trying to run your cash down to the wire. I'm guessing that they might not have had cash to keep going beyond end of September. In which case it would not be wise to push out cash raise beyond this date. Does this raise imply no topline data till after September? Maybe, but I don't think they had $ to run much longer than end of Q3.
And it would probably not be wise to try to run cash down to 0 and still expect vendors to not demand cod.
Your gut feeling is born out of extreme hunger for news and anxiety.....I believe you are not alone.
I can only say this - the raise was small and is keeping the lights on. They have no real cash coming in so its essential they do it and I prefer very small raises keeping any dilution to a minimum....the amount raised is maybe 4-6 weeks money. That says a lot to me.....some are accusing LP’s et al of committing all kinds of skullduggery but that is in my opinion either someone with a questionable motive or a genuinely distressed long term shareholder that’s been battered and bruised by the whole experience of owning NWBO stock. This raise makes sense if the alternative is running out of cash.
No idea if the SAP has been submitted but it makes a lot of sense to me that they keep that to themselves as it creates a timeline which until the RA’s respond is outside of their control. In my opinion I think meaningful news will come between September and November.
Is anything you’re saying consistent with the “home runs” that NWBO management was boasting about (when no official recording was being made, naturally)?
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