All depends on how much $$ they raise in the SPP and the next...

All depends on how much $$ they raise in the SPP and the next phase of capital raising in June 09.

They are looking at some options including;
1. Strategic patnerships (i.e. team up with St.Jude Medical would be nice)
2. The so called sophisticated investors
3. Debt finance (which may be hard in this climate)

So if they get there $10m that their after then VCR will have around $18-20m at the end of Dec 08. Cash burn reduced toaround $2.3m a month leaves around $4-6m at the end of Jun 09.

I'd like to see a strategic patner take a stake as I mentioned earlier, it would be nice to have St. Jude or similar company from the US join the company. With their presence in the US it would be massive for VCR to get such a large organisation onside which would IMO allow VCR to get market share at such a critical time.