Heartless;You are correct on the $48 Mill. This is the Cash on...

Heartless;

You are correct on the $48 Mill. This is the Cash on Hand as at July 1, 2007, not Dec 2007.

The April 2008 news release did state on Page 1 "47 Implants", however, on page 2 it states "47 enrolements"!!!!

This is what I have been saying all along, they used to (prior to the last press release), use the word Enrolements to cover both Implants and Enrolment, and you just don't know how many actual implants!!!

And you are right, you would think they would be able to get their terminology and maths correct for the amount of money they are being paid.

Having said this, this means that their cash burn rate is;
(48 + 17) - 18 = $47 Mill
$47 / 12 (months) = $3.9 Mill per month!!!....NOT $2.5 Mill per month.

if they are able to generate $6.2 Mill (62 x 100,000) for the remainder of the BTT trials, this would mean;
18 + 6.2 = 24.2 Mill
24.2 / 3.9 (cash burn rate) = 6.2 moths before they run out of money....:):)......

I wonder if they will take a pay cut to help then survive???......Good joke, right!!!!

Abu;

You can bet your bottom dollar there will either be a CR or a T/O. Although, for the life of me, I just can't think of anyone wanting to touch this stock with a 10 feet pole, let alone sink money into it??? So my money is on a T/O (I am almost - emphasis on ALMOST - tempted to take bets on it).

On the bright side, this may (emphasis on MAY) - work in favour of the current S/H, the sp should be appreciating a little on the anticipation of a T/O.

I just wish someone with enough clout would give them "what-for" in the up coming AGM!!!.....Every year, the S/H let this opportunity slip-by.

Anyway, here is watch for an interesting 6 months.