Replies to post #158246 on Biotech Values

[BTH]

I really hate that I get involved in companies with lousy management; I don't know if that's what I got with this Geron, but it's moving in that direction.

[BTH]

Meanwhile:

For 2013, we are projecting operating expense burn of approximately $33 million, which includes approximately $2.8 million in payments related to the recent restructuring.

How does a company burn $33 million in a year they are doing absolutely nothing?