@Welsho54 Your expectation surrounding 2022 is consistent with the view of the BoD, which has a target that LPD will be generating cash from operations by 2022. Notwithstanding, there may be a need for cash, as stated in the ann, for previously unfunded R&D, new process technology development and working capital. It is important to note that this is a standby facility and may never be exercised.
Ann: Lepidico secures $7.5 million facility & 3B, page-73
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