RU kidding? 100 mil is a drop in the bucket. They are heading into 3 ph3 trials and starting a new drug trial. These funds are a short term stop gap only. The cash burn is going to intensify rapidly. Either that or the company slows down to a snails pace and strings it out( I wouldn’t put it past this mob)
Clearly they can’t get what they need in a deal which should have been done by now. Bad sign
They have to do a deal in the next few months or we are a dead duck. Without the confirmation and support of a BP there’s no results other than our lung cancer trial( which are basically already known) to excite the market. So it will be the long grind through years of phase 3 burning multiple hundreds of millions. How can we possibly fund that?
Ann: Trading Halt, page-20
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