Looks like we'll run out of money in late November/early December with the current burn rate at around $4.2 million per month. We should receive almost $600k in reimbursement for DurAVR's implanted in EFS patients that could take some time.
If US institutions are involved, there is the possibility that we're still waiting for the new US ANTTY listing to get sorted before the upcoming raise can be initiated. ANTTY is listed by the 3 brokers I use but isn't trading yet.
I guess the general question is whether Sio, L1 and Perceptive will be interested in upping their investments again or whether we need to entice new big buyers to take part. We did add a small New York healthcare fund in the last raise but we'll need more than that this time unless another large facility materializes like the $50 million offered by Yorkville that was abandoned immediately before the last raise was announced.
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