TIS
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0.00% 0.0¢ tissue therapies limited

At end Nov 2010, the company had cash of $3.3m and they...

  1. Judge Smails
    44 Posts.
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    13/04/11
    13:47
    Post #: 8259783
    At end Nov 2010, the company had cash of $3.3m and they estimated the cash burn rate was $160k per month (their own numbers)...so they should have at least $2.5m at hand, and no need for a capital raising right now.

    So, either they are burning cash at much higher rates than disclosed, or something else is brewing.

    Anyone have any ideas?
    TIS Price at posting: 64.7¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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