$1.7mn in the kitty as at 30th June 2014. Cash burn of ~$1.1mn per quarter. One quarter plus half a month down since 30th June. The company has probably used up $1.3mn since 30th June 2014. Possible cash on hand on Monday 13th Oct 2014 might be $400k. Barely sufficient to run the show for another month.
Nothing drastically new in today's announcements. Similar HCV/HIV related announcements were made on 14/12/12 then again on 19/03/13; then at various different times in 2013 and 2014.
We are still to witness Stage 3 clinical trials and then onwards to final FDA approval. Many months between here to commercialisation.
No doubt this company has a great product - in the pipeline
IMHO; "Trading Halt+CR announcement" could happen well before a "Big Pharma announcement". Maybe coinciding around Melbourne cup day when everyone is excited about the races !!
Usual disclaimers; DYOR et all. Your thoughts beautiful people !!
- Forums
- ASX - By Stock
- BIT
- CR coming before big pharma??
CR coming before big pharma??
-
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BIT (ASX) to my watchlist
|
|||||
Last
3.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.77M |
Open | High | Low | Value | Volume |
3.4¢ | 3.4¢ | 3.1¢ | $68.94K | 2.128M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 171417 | 3.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.4¢ | 96500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 171417 | 0.033 |
4 | 351619 | 0.032 |
3 | 222980 | 0.031 |
10 | 735666 | 0.030 |
3 | 315619 | 0.029 |
Price($) | Vol. | No. |
---|---|---|
0.034 | 96500 | 1 |
0.035 | 308000 | 2 |
0.036 | 65500 | 1 |
0.037 | 537816 | 2 |
0.039 | 430546 | 2 |
Last trade - 14.48pm 12/07/2024 (20 minute delay) ? |
Featured News
BIT (ASX) Chart |