they spent about $950k in the previous quarter. this quarter they are estimating a cash outflow of $850k. they still have $2.2M in the bank. in the coming quarterly report im expecting about $1.3M in cash left. they will likely get a few millions in R&D tax rebate too.
so why is anyone expecting a CR now? if anything im expecting it to come around December/January after they hopefully announce a deal.
Ann: Change of Director's Interest Notice, page-66
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