Jads14, The budget for 2009 is estimated at $12-15 mil, according to slide 19 at the November R+R presentation. Cash remaining at the end of January should be approx $3 mil.
Why is a PIPE necessarily quicker than a deal? If the deal is imminent, it requires the same signatures as a PIPE, no more or less. If you really knew that a PIPE was in place, you wouldn"t trumpet it on a message board. Bottom line- your guess, right or wrong, is just that.
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