The words don't seem to align with the numbers!!!!
The announcement released on the 31st of July infers that Recce has done all of the work/tests required to lodge their IND application with the FDA.
However the 4C estimates a further $774K to be spent on R&D in the next quarter.
This spend cannot relate to the clinical trials as these can only occur after the IND is granted.
I believe that the spend must therefore relate to pre-clinical tests. The amount forecast is the highest yet by Recce in any quarter so far.
So there must still be a long way to go to IND? Despite "BEING ON TRACK" !!!
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