So it also seems that the 7.1 quarters doesn't factor in the reserve they are required hold, no?
A cap raise is absolutely needed soon, but they're being awfully evasive about their financial position.
They've spent a large amount of money to simply begin recruitment for a study, and resubmit an application for approval IMO.
I'd be unhappy as well, though this isn't unexpected to be honest.
Fingers crossed for approval, that's the only thing that matters, there likely won't be a fourth shot.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-22
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