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SC8

05/11/22 6:38 AM

#146573 RE: mc73 #146570

3 months cash left? I might be missing something, but my estimate given quarterly burn rate is out of cash around year end. So ~8-9 months cash left. Still very concerning given no news most likely means behind schedule with IDE submission progress, but more than 3 months cash left. Think if cash was that low, and MK thought he still has shot at Radiogel IDE approval, he would already be trying a chapter 11 bankruptcy, which of course would mean common shareholders lose everything but company gets a chance at fresh start. Gotta have enough cash left to pay the bankruptcy lawyers if he goes that route. Still hoping MK can pull off IDE approval with the little remaining cash/time runway. But yeah, that report sucked big time.
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HoneyBager

05/11/22 7:32 AM

#146574 RE: mc73 #146570

No toxic debt
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splintered sunlight

05/11/22 11:32 AM

#146593 RE: mc73 #146570

Nothing

Nothing at all.