RRG, The quarterly cash balance is going to look a little sick, especially when people realise that the raising only added $38m to the bottom line.
At the end of May the had $58m after spending $49m in May, so anything like that is another leg down. Even assuming the spending slowed down in June, the cash balance is going to be well below where it was previous quarter end when you only add $38m (raise less costs).
Where does this thing close on Monday?, page-221
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