The question is what is our cash burn for July, August, September and October?
Well half yearly showed expenses of $5.5mill. $1.7mill was in legal fees so I guess a lot depends on how much in legal fees this quarter as to whether at the start of the next quarter they are into their last quarter of cash on hand. It could be pretty line ball.
Share price action isn't indicating to me the market is factoring in any short-term financial success out of the Mylan case. Seems to be factoring in a potential placement. It will be interesting to see what eventuates. I'm leaning towards a placement sooner than later.
POH Price at posting:
1.9¢ Sentiment: Hold Disclosure: Held
