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01/17/22 7:51 PM

#15568 RE: tcm55 #15567

My understanding is we shouldn't expect the uplist until the end of February/beginning of March (3 month timeline from date of application).

Which means both Phase 1 cancer studies could potentially be underway before the uplist to NASDAQ.

The SCLC and Pancreatic Cancer studies are targeted for non-dilutive financing (perhaps Grants at minimum of 50% of the cost if not 100%).

The DMT Phase 1 and DMT Phase 2 are the two studies up for a capital raise in 2022. As Chronic Cough will likely not advance in 2022 because of the timing of the IPF/CC data readout in Q2 2022.

My best guesstimate for a capital raise in 2022 is upwards of 10 Million USD.

The big question remains as to when will they pull the trigger and at what price for shares - and if warrants will be attached?

The questions regarding financing, like toxic financing (shares+ warrants) was off the table in the Q&A per the CEO.

peace 4x,

M$