"though with a current burn rate that would stretch some 22 months"
so you don't mind waiting until March 2013 to commence PhaseIII ? LOL
Yes i note that my post is purely speculation - but i'll just add despite what has been "stated" i wont be suprised if a placement does come through to a NY based firm prior to listing.
Just my 2 cents
raising funds via bank of ny mellon, page-27
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