Item 8.1 of Cash Torrent Report says they raised $2.7m in Q ? Sign is wrong.
They burnt $2.7m
Misleading ? Or just another mistake from Komical Karl.
Burning 3m a quarter, raising 9m = bottom crawl along for just about 12m…. then what ? Another raise at 67% discount - don’t think so.
In any case, rate of spend likely to increase given that raise is to fund clinical trial, BOD should undergo clinical trial of a different sort , or to quote from Key Highlights, “a success resection”. (sic) - way to go Karl.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-3
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