2.5 quarters worth of cash left as at June 30 2022.
That is without any extra costs required for Phase 3 study.
At end of September quarter this would be down to under 1.5 quarters left. How much does the p3 study cost on top of ongoing cash burn?
A raise is inevitable imo i just hope it is done sooner rather than later and with the backing of Tenmile too.
The perfect time to pull the trigger would have been during the media launch of Tenmile, they even used EMD in their PR piece. Imo
The road to commercialisation is long and windy. You make it sound like once phase 3 trials come out with a positive outcome the cash cash will start rolling in the very next day. that is very naive to be honest. Production alone - looking at many millions and a long timeframe just to set that up. Distribution, sales, advertising etc you are looking at many likely years before a single dollar comes back as a result of any positive study outcome.
I do hope the board have been working hard on securing good funding as EMD imo is at a point where it must address the funding issue before it is too late. The market is unforgiving and can easily wipe out dreams and hopes like the many expressed on some of these threads.
The facts must be addressed and dealt with as soon as possible
All imo
EMD Price at posting:
21.0¢ Sentiment: Hold Disclosure: Held
