Next quarterly is due in a couple of weeks. Cashburn will be interesting. Had $3.7mill in kitty last quarter, $1.5mill cashburn last quarter. A similar cashburn (hopefully not higher) will leave them with $2.2mill as at end of March. Will be uncomfortably close at end of June with similar cashburn.
Unless an up-front deal is announced in between I can't really see them avoiding another capital raising (hopefully the last) in 3rd calendar year quarter at the latest.
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