Ok, enthusiasm is a great thing.. but so are facts…Firstly, i am...

Ok, enthusiasm is a great thing.. but so are facts…

Firstly, i am not a scientist, merely a mug punter… probably like most others here… and have been wrong before and will be again..
I really like the concepts that IBX have been pushing..

However, I digress…

07/10/2020 Approval for Phase 1
26/5/2021 first Phase 1 study enrolment
08/12/2022 Phase 1 trials interim results were published.
21/06/2023 Phase 1 trials to close (based on 13 patients).
Frankly I have only read the same text as in the interim report, with some pictures attached.
Really disappointed they did not at least release independent report summary and some decent size pictures.

Top 20 only holds about 20% so most shareholders are small.
Big side of town is not crawling all over this.

So now expenditure needs to increase..
How much cash do we burn?
How much is in the bank?
What are the implications of Merced ‘Growth funding deal’ on holders?

ps.. I help build businesses so normally am optimistic.