Good to see a release of some information regarding what the company has been doing......and the move to a quarterly update...understand where they are heading...
it is a very factual, dry and almost dull document...I don't really get a feel either way whether the company is moving down the right path and whether based on results to date they will be successful moving this one forward into commercialisation....no clue as to whether the company is excited, pleased with results so far or otherwise...next 3 months will tell....will continue to hold but need to see some results...
They have 8.6m in bank and the burn rate is just over 4million p.a. based on last quarterly 4C
So Initial POC data pack to be completed in the next 3 months and then discussions commence with potential commercial partners begin... a more detailed POC pack with added clinical data to be ready second half of calendar 2017....by that time they will be looking at a Capital raise so they will need a strategic funding partner...
PYC Price at posting:
1.6¢ Sentiment: Hold Disclosure: Held
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