Read what I typed more slowly and do not jump over the words “the balance of” they are there for a purpose to highlight it is not $50 million but the balance of this $50 million which you seem to calculate as $17 million which when added to the 7.7 quarters allows for approximately three years.
If I was saying $50 million it would have added not one year but an additional three years giving a cash runway of approximately five years. This should have been a clue that you might have misread but knowing how you roll you were probably dying to say hogwash and appear half credible.
“In addition as has been stated twice now in writing by the Company they still have the balance of the LDA Capital $50 million put option facility to call on should they wish to do so.”
My opinion only DYOR
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