Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-39

This is correct.

Let's do some maths, with some roundings to make it simpler for me...

4C quarter ending Dec 31st 2022, cash on hand US$68m, with an additional US$40m that can be drawn down
4C quarter ending Mar 31st 2023, cash on hand US$49m, with an additional US$40m that can be drawn down + another US$40m raised in April that cannot be reported in this 4C

So roughly US$19m spent for the quarter - which is was in order of magnitude of what was reported in this 4C

Simply the US$40m raised in April must be considered as a forward statement, which therefore will increased the Estimated quarters of funding available

With the updated cash we have eight quarters of Estimated quarters of funding available.

How did I get 8 quarters? Just 8 = 5.5 reported + 2.5 from the funds raised in April

Now that we are all good with this maths lesson, MSB cash position looks much better than the reported 4C for the quarter ending Mar 31st 2023.
This would put MSB in a better/ less desperate position for partnership negotiations

Let's get on with Ryoncil product approval and partnership $$$

GL MSB'ers

BTW - not @whytee in particular, but be careful with half truths. Go back and do your own research, and get your own truth!