#Ignoring that there hasn't been any update on the work from the Aptatek services agreement from back in June.#
Two Hologic projects expected to be completed by the middle of 2023 could be a good use of all those R&D scientists sitting in California.
Sadly, successful completion of BOTH projects only brings in $1.5MM. If it takes eight months to "assist with the development" of this project at a $1MM a month burn, plus the $4MM from the capital raise here's where the math takes us:
Burn/Add Balance 1 Sep Statement $4.40 2 Oct ($1.10) $3.30 3 Nov Raise $4 $7.30 4 Nov ($1.10) $6.20 5 Dec ($1.10) $5.10 6 Jan ($1.10) $4.00 7 Feb ($1.10) $2.90 8 Mar ($1.10) $1.80 9 Apr ($1.10) $0.70 10 May ($1.10) ($0.40) 11 Jun ($1.10) ($1.50) 12 Hologic $1.50 $0.00
This one won't stop circling the drain. If the 2nd tranche hits, it better do so before the end of January.
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