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0.00% 2.0¢ tryptamine therapeutics limited

$9m in cash at 31 OctBurning $1m a monthEstimated $6m as of 31...

  1. rlj
    453 Posts.
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    26/01/22
    07:08
    Post #: 59134712
    $9m in cash at 31 Oct
    Burning $1m a month
    Estimated $6m as of 31 Dec, maybe less with all the hiring they've been doing
    Approx 2 quarters of funds left,
    Markets and SP tanking
    No news in sight

    I hope management are close to some kind of deal and that's why they have held off on the CR until now, otherwise the raise will be in the 20's, and to raise a meaningful amount with a $3m a quarter burn rate there is some serious dilution at those levels.

    More hope than expectation at this point.

    EX1 Price at posting: 40.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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