Ann: HagganFunding and Development Strategy , page-7

Are you guys worried about the necessity for a capital raise relatively soon? The June quarterly stated they had roughly 1.7 million left in the bank and they seem to be expending almost that much per quarter. IMO, that would tend to suggest they'd run out of cash around the end of September/October and need to raise. The potential deal they're hinting at in the recent announcement only seems to cover expenditure on Haagan.

I like them long term and think they've got some good territory but am not willing to jump in just yet only to see my shareholding diluted almost immediately.