The second quarter is shaping up to be in the black with a 1st Q 4C projecting 2nd Q operating expenses of 1.6 million v 2m (known)revenue+ any Pacific Edge royalties.
That will eliminate some of the 1 Q deficit leaving 6 to 800,000 in the red for the half year if they have contained the expenses to the projected figures.
In for an interesting 6 months now China is coming on board.
Ann: CELLMID QUARTERLY OPERATIONAL UPDATE, page-22
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