Sorry if this has been rasied before. Its hard to keep up with...

Sorry if this has been rasied before. Its hard to keep up with the copious posts !!!

Alexium has a loan facility of $7.3 Million which is essentially fully drawn
They have $6.4 Million in cash
They expect Cash outflows of $9.7 Million next quarter (and I note this models operating expenses at $7.2 Million - unlikely given it was $8.8 million this quarter and sales are rapidly rising)

It may be that sales receipts meet cash outflows and they remain with money in the bank but few companies want to go so close to the wire. Plenty of companies have gone broke making a profit!

We also have the NASDAQ listing - seems like a few shares need to be placed on that exchange.

All in all it really looks like a CR is in order. It would be the logical solution to several issues. Given the sharp fall in price perhaps its 50c per share + attaching options to sweeten the deal. For a US bank to place to their clients as part os NASDAQ listing?

Dirk:
“This NASDAQ International Designation is a precursor to a NASDAQ Main board listing which is currently being progressed with NASDAQ.”