The main thing here is going to be how the company is going to raise funds that survive. The company will be down to now approximately only $1 million in cash with an expected $1million in expenditures for the next quarter. Claude needed a massive revenue earning contract but with the way the world is at the moment that seems extremely unlikely. How and where the company is going to get the funds is the big question here
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- Ann: Medibio Quarterly Update and Cashflow Report
Ann: Medibio Quarterly Update and Cashflow Report, page-83
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