Burn rate for the December quarter was around $370k a month. The Jan quarter, $300/ month (these are my figures based on quarterlies). Scott reported in at the investor pres its currently around $250K a month, I assume that would've been a end of April figure? Do we know how May panned out? Have receipts continued to grow? Has the burn rate continued to drop? Claiming that the $250K burn rate has continued is an assumption, as is what the currently bank balance is. Also, saying that it was Unith's forecast is certainly not what was shared during the presentation. On the contrary, the forecasts were for continuing growth in the near future and onwards, plus Scott said that burn rate at the time, didn't included the renewal of APH, nor the new pharmaceutical companies contract. I'm not saying that the bank balance isn't $500K. Could be more, could be less, but the fact is we don't know what it is, and Unith never forecasted that it would be, in anything that i've seen announced anywhere.
UNT Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
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