GG, the last I heard from him was that funds were adequate until the end of the year. For that to be true, he would have gotten at least 350k to 500k from somewhere. I too suspect it was a second payment from Inverness.
Additional money could come from a third licensee but anthing else will have to come from private placements. The last amount stated in the filings was a cash burn rate for operations, out side of using stock to pay for who will accept it, is $60,500 per month. The interest is decreasing on the Smithline loan as the principal decreases but if paid in cash it will probably average $115,000 per month. He will need about a 1.5 million to pay Smithline next year. I hope that helps.
News 
Market Data 
Discover 
AI
