Just under $10m left in the bank and current cash burn just over $2m a quarter
if that rate of cash burn is maintained shareholders should be further diluted from further capital raising in about 6 to 9 months
something to look forward to … not !
just remember they need to solve the chemistry otherwise PEN is not viable
….. until then the cash burn and capital raisings must continue
Just under $10m left in the bank and current cash burn just over...
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