Unraveled, the company hasn't got enough cash to last 12 months, there has to be something in the next couple of months. Current cash burn 150k per month leaves 290k in the bank right now with 619k to come this quarter ( last year R&D arrived October 9). 6 months at a stretch, but max 3 months without ASX breathing down their neck. I am still solid from day 1, good science, good people unfortunately smashed by death spiral financing arrangements.
Ann: Appendix 4C - quarterly-IVX.AX, page-14
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