NWBO just raised 3,1 million in share sales and 1,5 million in loans which raises its cash position to 4,6 million let's say 5 million from what was left in the bank.
At the recent quarterly burn rate of $5 million (is that correct) that leaves another 3 months to go forward without further dilution so until Sept 1.
Is it fair to say NWBO does not expect an SP rise and or Merck/other BP royalty investment for the next 3 months? I mean if the were expecting an SP rise and or any form of investment then why sell the number of shares to last until Sept 1 against 0,22?
Or scenario 2 they do expect a big rise in SP because they know they will release wonderful TLD but they dont give rats and sell more shares then needed in cash?
Perhaps Im not seeing this correctly?