"Why less? End of half year June 2015 they had around $16mill and prior half $20mill"
If you include the $2.6m rebate received 11-Nov then $6.4m cash burnt. Capital raising will be required by the year is out which is not consistent with the November presentation which stated cash "equates to 2.5-3 years burn".
Ann: Phosphagenics - February 2016 Newsletter, page-26
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