I also don't get how they pull out that $6M will fund for the company for "atleast 2 years" ? when it's had a standard cash burn of $1.2M a quarter except on Q's with lab expansions where it increases which points to it being 5 quarters capital not "at least 2 years" ? Of course hopefully we will see some payments come through over the period but..... using cash burn 2 years would mean you'd need $10M to cover that 2 years right ? Income still remains hopeful but uncertain as we know last financial year came short of expectation with $600K in 2013 revenue VS $1.9M in 2012. So does it automatically make up that other 3Q's or just put in as expectation ?
PYC Price at posting:
1.9¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)