Thanks for the reply atlunch. Can you point me in the direction of some filings that support your information. You can access or my source data from the ASX site. My cash burn rate came from the Dec 31 six month period which you can access from here http://tinyurl.com/3cjn6n It was filed 28 Feb. The income statement shows a loss of $7.8M for the half. While some of this is non-cash the vast majority is cash. It is highly unlikely a drug development company running an international IIa study could be doing it on $2M a quarter. If they are cutting costs my guess would be $6M for the half. They had $8.1M of net assets as of December 31.
Don’t get me wrong I am long Prana and think it makes a good bet at this point. I am simply wondering where you are getting you data from as it contradicts what I see.
Cheers
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