So $76.8 million cash on hand.
But they need to keep no less than $35 million on hand in the account because of lending terms … so only $40 million they are able to spend.
They have cut spending to the bone though. I’d say trying to delay the cap raise for a bit and hope the general bio market sell off reverses and the SP raises to something like $1.40 so as not to dilute the existing shareholder wealth.
Going to be tight.
So $76.8 million cash on hand. But they need to keep no less...
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$1.45 |
Change
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Mkt cap ! $1.655B | |||
| Open | High | Low | Value | Volume |
| $1.48 | $1.51 | $1.43 | $6.613M | 4.498M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2482 | $1.45 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.46 | 27045 | 2 |
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