TRI 10.7% 2.5¢ trivarx ltd

Ann: Medibio Quarterly Update and Cashflow Report, page-27

  1. 664 Posts.
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    Unfortunately No mate. Compass trials like you said coming to an end shortly. Company will be out of cash by June based on their burn rate so in my opinion there is either 2 things that will occur. Either a cash raise at devastating low levels which in my opinion Claude will do everything to avoid otherwise he would have left the other CEO’s in charge to raise money at any levels they wanted. Second thing I large contract to come through for illumine which will increase share price and then a cash raise to come at a higher level
 
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