What is your point Bedger?
The management's forecasts are woefully inaccurate and these new forecasts can't be believed.
Did you look at what was indicated only 2 months ago cf. what we just received today? $10mill+ difference in cash outflow.
So even with using the upper limit of their forecast cash outflow, which based on the previous 2 quarterlies is likely to be wildly underestimated, they likely will have $0 cash by the end of Sept 2024. Oppies don't need to be converted until November 2024, so they must get a MPS deal, but how much is that likely to be? I'd think $10mill max and IF the Phase III stage 2 restart does occur, that $10mill will be burnt in 6-8 weeks, so cash runs out by November 2024 (assuming they run the bank balance to $0).
Where's the next funding coming from Bedger? How much to you believe their cash outflow forecasts, especially based on their abject forecasts for the past 6 months.
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