Looking at the last quarterly from CNM it appears that if they kept the same rate of spending they would be in need of funds about NOW.
Does anyone have any idea where they might come from?
Will the recent achievement of the milestones relating to the investment by REH mean that the research and development cost will be borne by them from now up to a max of 10mil? (R&D was 2.59m for the first quarter, which obviously means that the 10m max may last up to a year).
The using a static spend rate you would expect some commercial deployment by the time the moneis from REH run out, would you not?
Thanks for your help
CNM
carnegie corporation limited
Looking at the last quarterly from CNM it appears that if they...
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