Take out the R&D tax rebate and they burnt close to $2m in the quarter. With only $1.2m left in the bank something has to happen this quarter. When's the R&D part II being submitted, how much is it and and will it be approved and received this quarter? Could buy them another quarter.
Would have thought it would be hard to get quality CEO candidates in this scenario. They say they have a "large number of interested applicants," Also give the timing as this half. So other funding will need to be resolved before that I would guess.
Will be a very interesting to see how things play out this quarter.
Take out the R&D tax rebate and they burnt close to $2m in the...
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