Ok. So $2m coming through on the tax credit. Current funds $1.1m. Total cash $3.1m
The forecast cash burn for this Quarter is $2.1M i.e $700k per month.
IBX therefore has 5 months cash.... yes that's five months...not even Christmas.
I really want to invest in this business. I think it is a potential game changer, and who hasn't been touched by the curse of breast cancer? What we need is more clarity from the business on its funding. The longer it is left the more costly it will be too current shareholders (well, us poor retail investors anyway) regardless to the outcome of the upcoming trial.
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