Ann: Hologic Development Agreement Expanded Scope of Works, page-5

sorry FMB, your spreadsheet baffles me

in the update call they said the last q cash flow of MINUS $3.7 mill was because they need to pay upfront for BARDA work, then get reimbursed 'later'; but that will be an ongoing thing; so one may guess $1 mill for the $3.7 mill they get back THIS quarter, so their normal MINUS 2.5 mill cash this Q may look like minus 1.5 mill; but they are doing more BARDA this q, that they get paid for NEXT Q; so maybe we just go MINUS 2.5 mill a Q again - each Q

but with the $5 to $6 mill cash on hand, it lines up with you... they run out of money August or so.... it aint rocket science... if you burn 2.5 mill a Q and you have $5 mill, you have 2 q's of cash

But they do not seem concerned or worried at all; they are downright HAPPY