Ann: Quarterly Update Timing and Investor Webinar, page-52

Hi Sabbath,

2 quarters of cash in the bank; somewhere near 1.5-2 quarters of research reimbursement in August/September; additional spend from Serum who have already spent their annual commitment in just 6 months; and hopefully some of the $5.4M grant matching money in the next 12 months; and a clean out of C-Suite and additional Board expenses.

I would estimate they are funded until mid to late 2026, without any additional sales from Vidcare et al.

Seems unlikely the 31 May options are going to be in the money.

We have the right people in charge.

So we wait...