"If their cash burn is still around 2 mil as per previous...

"If their cash burn is still around 2 mil as per previous quarters"

You are justifying your argument with very sloppy data.

For the four individual quarters of CY2011 cash burn was under that figure and the last 4C had a small profit.

Total operating & investing cashflows/quarter

Q ended 31Mar 2012.........$21k
Q ended 31Dec 2011.........($1.422mil)
Q ended 3oSept 2011........($1.966mil)
Q ended 30June 2011........($1.269mil)
Q ended 31Mar 2011.........($181k)

Back when the Janssen deal was released another of your posts(see below) using sloppy data was sitting for all potential buyers to see.

andrewk65
Post #: 7587737
Views: 240
This is a true test of their guidance now cos it seems you have to pick your own facts as management cant be trusted. Fact is they concistently burn 2-3 million a quarter and apparently now have around 4 million after last cr. Its now cash sustainability or bust. If no deals appear within 3 months theyl be down to just over 1.5 mil so prime fore more cash. If that occurs watch the carnage this time- ecer growing tranches of shares for ever reducing cash injections. What can one do but wait though, even directly emailing or calling the company gets the same rubber stamp 3 deals blah blah blah. Since listeni.g to these awesome deals im now over 50% down. Buying opportunity again lol.
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Always DYOR