I believe the past two Credit raising have been when we have had around 8 million in the bank ( please correct me if I am wrong)
Hence, if we calculate quarter on quarter growth
increase say at over 20%, how much time do we have before we burn 16 million ( 24m in cash - 8m)? We have to assume burn rate of 20million p.a at a minimum if we take away the last CR fee to morgans. I think FEB/March next year, but really hoping I'm wrong.
The other alternative is, positive Q4 HSV vaccine results with a serious cash injection post partnership...that would be put an end to a CR
Ann: Appendix 4C - quarterly, page-93
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