12 months, your dreaming! With no sales Colltech can only last till end of March qtr with it current cash burn rate and full loan draw down. It won't be able to raise capital no matter what BS it spins.
Carter feed well on SOLBEC (SBL) and nearly sent it to the wall, now he is dinning out on Colltech. $75,000 for a non-exec chairman of a company that has next to zero revenue is obscene. Biotechs seem to be heaven for pigs feeding in the trough.
12 months, your dreaming! With no sales Colltech can only last...
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