R08 would be basing his assumption off 2 quarters of funding remaining at the end of the last quarter so at the previous burn rate we could've been looking at a CR around the end of this quarter.
However, we've seen evidence of cost cutting with the CMO and COO removed and I hope to be updated on further cost cutting this month. I don't think we'll have to wait until the next 4C for an update on this as many holders would be nervous about a possible CR.
$10m cash burn reduced down to $5m? possible? at our stage of revenue $10m was just stupid. $5m is probably even too much. But what I would like to see the company spend a bit more money on are some more scientists for both the life science and clean energy divisions. I don't want to hear the company saying to potential customers "we're too busy to help you"
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