"...nobody is talking about MSB having funding issues..."
It's basic arithmetic that talks about MSB having funding issues.
For posterity purposes, here's the rudimentary math:
$170m cash balance @ 30 September 2014 and a cash burn rate of $30m every quarter.
(Not my numbers, but the numbers reported by MSB itself)
$170m divided by $40m = less than 6 quarters.
So by this time next year (5 quarters forward from 30 September 2014), the company will be down to just one-quarter of cash outgoings.
Unless MSB has a product proven, launched, distributed, invoiced and receipted by this time next year at a run-rate equal to the sum of:
$120m pa
PLUS manufacturing costs
PLUS distribution costs
PLUS royalties payable
PLUS tax payable
PLUS working capital
(i.e, Sales Revenue significantly greater than $120m pa), then the company is commercially underfunded.
Unless, of course, a partnering deal can be secured before then. And that, I presume, not even the Great Dolce, can predict with any degree of certainty.
But in the absence of any magical funding partnership, unless you are going to re-write the laws of financial mathematics, the company's cash balance will be approaching zero.
That's not a mere opinion.
It's an arithmetic fact.
Feel free to quantify why this is not so.
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