KZA (ASX) Ann: Kazia completes recruitment to Cantrixil Phase 1 trial

Originally posted by harvett: ↑

It is more than scare mongering is out and out deception via cutting and pasting the parts you want in the parts you leave out.

"Going concern
As at 31 December 2018 the consolidated entity held liquid assets of $11,204,855, comprising cash in hand or at bank of $5,411,139, trade and other receivables of $3,253,278 and listed ordinary shares, carried at market value, of $2,540,438. During the half year ended 31 December 2018 the consolidated entity experienced net cash outflows from operating activities of $4,360,738.
The financial statements have been prepared on a going concern basis, which contemplates continuity of normal activities and realisation of assets and settlement of liabilities in the normal course of business. As is often the case with drug development companies, the ability of the consolidated entity to continue its development activities as a going concern is dependent upon it deriving sufficient cash from investors, from licensing and partnering activities and from other sources of revenue such as grant funding. The directors have considered the cash flow forecasts and the funding requirements of the business and are confident that the strategies in place are appropriate to generate sufficient funding to allow the consolidated entity to continue as a going concern. Accordingly the directors have prepared the financial statements on a going concern basis. Should the above assumptions not prove to be appropriate, there is material uncertainty whether the consolidated entity will continue as a going concern and therefore whether it will realise its assets and extinguish its liabilities in the normal course of business and at the amounts stated in these financial statements."

Dir can go to jail for running a business that is not currently a going concern. These are the bit left out by dishonest posters who either cant read or don't understand how biostocks work.

Expand

"They are wonk-idiot-mongers", my term WIM if you want.

Overall, betting against fresh biotechs can make you serious cash on the downside (especially if you own warrants).

At some point the shorts will get burned here, in my estimation, shall GDC-0084 work out, which I consider probable.

That said, I do not want to see some CR where Long/Short hedge funds have a foot in the door. It's much easier for them to go short than it is for them to go long. I call BS on any PIPE. That happens and at least one of your "top twenty" will bail. I'm referring to myself.

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