You could be right, they may not have yet written the check yet. My point was most of the last offering is going for new facilities and equipment. That money is not going to be available to cover their cash burn this year based on historical burn rates.
If the net proceeds of this offering are less than $2,850,000 we will be unable to achieve our planned operations for the next 12 months. If that occurs, we will prioritize programs, and select programs which our management believes can be adequately funded given the amount of proceeds and that provide the best opportunity for return to shareholders.
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