not enough cash for sunshine heart v maybe not

Not Enough Cash For Sunshine Heart
http://seekingalpha.com/article/927851-not-enough-cash-for-sunshine-heart?source=yahoo

I would like SHC to have a lot more cash.
BUT
Net 18 mill plus some sales would take us out 12 months.
More data from feasibility trial.
Time to see if the infrastructure for the two trials is getting in place.
(Implanting in Canada under old trial, assuming Canada and the majority of previous trial centres will come on line without much fuss plus positive data will encourage other centres to participate plus no other trials on, plus training for a centre is pretty minimalist(my understanding))
Allow for first implant of fully implantable.
A long way along track to commercialisation with revenue coming in.

Unlike him I don't consider VADs competition
I dont think he has caught on that the FDA has (to my understanding) given SHC a considerable concession. In the trial only incidences related to HF will be significant.
Any article should look at this in the light of feasibility trial results?
Strategic investor will be known within this time frame. They have to go on public record as attending board meetings.

I'd say if the bottom we are now in is being explained not very well, it is very positive for a long!