Timing of the CR was to provide an extended runway of 12-18 months funding through important milestones.......is basically what they said in the webinar.
They also stated its costing around $1m/mth to run the company at the moment.
Regarding any updates on the CDP stepped testing program, or lack of updates, they did mention that certain info could be commercially sensitive wrt competitors, and early results may not yet be conclusive.
Of course, if things were not going well, that could also be reason for lack of news.
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