Ah, yes... "pro forma" cash.
That idiosyncratic magic pudding financial construct that is constantly trotted out as the basis for the ...um... long "cash runway"
The cash runway which is never actually used because they always have to raise capital despite miles of "runway" still unutilized.
#Another Year, Another Capital Raise:
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-44
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