Quite right - spot on as usual.
Honestly I cannot see any royalties from sales coming in for a year apart from the struggling Lenzetto. Not sure if they get any bonus payable once a drug hits the market??? Anybody know??? Too much to hope for??
Anyway, one way or the other, their cash burn is way out of line with expected cash inflows. Speaking as a fool who participated in the last raising, one hopes that there is an even bigger fool than me for the next raising. I would also expect the need for another raising after that - requiring a fool of epic proportions, as they will need to be even more foolish than the bigger fool. Such fools, who are still in possession of their cash ,are hard to come by!
Add to My Watchlist
What is My Watchlist?
