$22M is nothing if you don't spend it correctly, a lot of biotech start-up I've invest in have done CR for $20M and managed to use it for 3-4 years but mind you they don't have expenditure of $6-8M per quarter which has only happened when AHZ was "trying" to get ADAPT to the market, hopefully with this "transformational" change, management can control their expenditure to $4M.
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