The burn rates from the financial statements are nonsensical numbers designed to support the pretext that DNAG was a real company.
The 'burn rate' is made up mostly of agreements to pay license fees and agreements to spend specific amounts of money on research projects and pay collaboration partners.
They never paid any of it.
Look at the later financial statements that renumerate how far behind they are in the license fee payments. You will find that they hardly paid any of them from the beginning.
Don't look at the projected 'burn rates' and expect to derive any viable information from them. They were just smoke screens. Management had no intention of wasting their hard earned income from the sales of newly printed stock on anything they didn't have to. All they needed was the PR that explained the deal and the program. The board spammers would take it from there. If they never publish a note saying the program had been abandoned, the spammers will keep blasting the board with the original program forever, even if it has been over from day one. The benefit is enormous the downside is negligible. The facade is intact. The 'burn rate' is imaginary.
regards,
frog
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