Works both ways Taboon, you can also stick your fingers in your ears and refuse to see any negatives. The fact they are complaining about the level of investment in australia just makes me think they do not expect to achieve anything significant with the funds available currently. That seems strange when they have supposedly got the technology they claim. I would think that they would be jumping for joy and suggesting that with this final huge raising they will be able to take on the world. All i see is a line that seems to suggest they dont expect any clinical trials in the next two years, which will be a good portion of the cash gone by then??
The biggest concern is if they allow cash burn to drop back to 1.5 + Mil per quarter again.
PYC Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
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