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Replies to post #33418 on Humanigen Inc (HGENQ)

Replies to #33418 on Humanigen Inc (HGENQ)

AlrightThen

09/14/21 11:41 PM

#33419 RE: ohm20 #33418

You do realize that the current cash outflow is due to manufacturing which will now be at least partially suspended? I mean that's not only common sense it's what management has stated.

10nisman

09/14/21 11:56 PM

#33421 RE: ohm20 #33418

Current cash burn around $22 million a month. If no EUA your cash runs out in less than 6 months.

That cash balance was as of June 30 and at that same time they had $46 million of AP and Accrued expenses, so that $120 million was $74 million. HGEN burned through a good amount of cash in July, August and early September, plus they have $25 million of Hercules debt outstanding. Enjoy the dilution, longs...