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Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-16

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Thaliat

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31/07/24

10:05

Post #: 74997133
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Originally posted by Footmax: ↑

Crikey - cash position is worse than expected - and they are relying on roughly $1mil from the R&D payment to remain cash positive. That is a precarious financial situation to be in.

At the current burn rate, they have less than 1 qtr of cash available (.44 of a qtr of funds available).

Simply put, they will battle to reach November (option date) and there is nothing in the report to support a rise in the SP to over six cents in that time parameter.

To those who vehemently denied the possibility of an "imminent" CR, I think that humble pie needs to be consumed.

Not sure about the timing of the receipt of the R&D payment but I do suspect that it would be incredibly bad financial management to rely on that when funds are so low.

This report is very concerning.

One positive is that they do mention that the antiviral road is being looked into as a future path. It does, however, indicate that confidence on the HIV/COVID trials to lift the SP is not evident.

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Might be frantically signing a deal as we speak LOL

Where has the BGB gone?

BIT Price at posting: 3.1¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 1.9¢		Change -0.001(5.00%)		Mkt cap ! $17.14M

Open	High	Low	Value	Volume
1.9¢	1.9¢	1.9¢	$820	43.17K

Buyers (Bids)

No.	Vol.	Price($)
12	1845030	1.9¢

Sellers (Offers)

Price($)	Vol.	No.
2.0¢	41100	1

View Market Depth

No.	Vol.	Price($)
12	1845030	0.019
9	1690748	0.018
9	2358408	0.017
12	1659350	0.016
6	765000	0.015

Price($)	Vol.	No.
0.020	41100	1
0.021	647442	4
0.022	1107935	5
0.023	1100772	2
0.024	112849	1

Last trade - 14.27pm 11/10/2024 (20 minute delay)

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Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-16

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Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-16

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