Cash at bank at quarter end plus yesterday's placement gives them at least 6 months of cash. Guess we'll have to wait for the next quarterly to see what, if any, impact comes from the recent FDA approvals.
Of course it will take longer than three months for the full effect to be felt but at least we could start seeing some improvement in cash burn depending on invoicing terms, ie 30, 60 or 90 days.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-5
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