us trial, page-8

Lopez The reason I believe for this extra trial for bronchitol is over labelling.What they can put on the label may determine reimbursment. I presume like our p.b.s. Can they afford it? Trial has been budgeted for 9/10mil I believe. P.X.S. has 116ml in cash .There will be an increase in capital expenditure early next year plus I presume factory fit out costs.If we allow 16ml[ just a guess for this] that leaves 100ml in the kitty.Current cash burn as last reported was14.568p.a. Do the maths and what answers do you get ? Cheers OVERS4. p.s. there is that cash earning 7+%