a huge fortnight coming, page-4

... or maybe not!!!!

Following up on my original post it turns out that we won't get a 'please explain'. Costs were lower and there was some grant income, so we have another three months to play with.

With a bit of belt tightening (and creative accounting), we might even be able to stretch that to six months before a please explain comes. By then the company can honestly say that 'income is coming'.

So this actually means that acl might not have to raise cash after all! This will delay the phase 3 of course. But perhaps they are working on a partnership deal or looking for funding elsewhere. To be honest, the company should probably wait until the next set of phase 2 data. If we do have a goose that lays golden eggs we might as well use it!

all imho.
buy & hold.