BridgeBaron, the nexus of the assumptions relies upon an average implant rate of 15 pm with favourable exchange rates. I assume they are anticipating a successful placement of 15%, and are looking at a success rate of 60% approx with the SPP. Evidently they would like more.
Suggest, they are looking beyond June ’09 and are desirous of having money in the kitty at June '09. SPP is not a complete nonsense does form an integral part in moving forward. It would be incorrect to assume implants would be linear at this juncture. Will need working capital for the gaps.
Am expecting a show of faith from them selves and that is to buy on market.
VCR
ventracor limited
funding plan, page-31
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