People predicting an imminent CR are delusional.
Coby has said burn rates differ from quarter to quarter due to R&D terms being on goals met so if we have a higher burn for a quarter you should also infer goals have been met, adding to this you will see a high quarter burn and then a following reimbursement from the French gov for 50% of those costs.
I am for CR when a company can see them for a goal they have in mind and it creates and artificial floor for a share price also so not always something to be scared of when a stock is peaking.
The team has always been smart about CR's and while i don't think we will see one until start of 2024 i think it will be with another cornerstone investor and come with an expansion plan in mind like heavily pushing discreet R&D for an example only.
People predicting an imminent CR are delusional. Coby has said...
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