Replies to post #24323 on Cel Sci Corporation (CVM)

[sab63090]

@spideyboy
You seem to now adapted to Fosco's and Sushi's original estimates on warrant conversions. I can't see your doubt of add'l warrant conversions just based on the warrant exercise prices which are DEEP in the money and the logic of what @georgebailey suggested, i.e. establishing a long term holding period with their enviable cost per share below $2 (assuming they "believe") and the current expectation of a favorable outcome on this Phase III.

The new cash burn rate, I assume, is $1.5 mil per month a tad lower than your forecast of $5 mil per quarter. I make notice of @lagolf's estimate which is $1.5 mil per month.

Let's see if a cash raise is needed or not to November/December as you suggest or whether we get this Phase III trial successfully.

P.S. note the Seeking Alpha quick look at the "disappointing" miss in earnings....lol.....we all know that there cannot be "earnings" in this stock....yet

[sushifishman]

@Spidey

Cash burn is based on the CASH FLOW STATEMENT not net income

Cash burn is around $1.5M per month...full stop!