SPL starpharma holdings limited

My summary of the Quarterly Report

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    A COMPLETE WORD SALAD

    Newbies and minions may have been impressed by the endless corporate buzz speak, spin and a few shiny new very early stage bells and whistles, but the QR is not fooling the rest.

    P.S. Notice how $507,000 in borrowings at item 3.5 propped up the cash and cash equivalents (CCE) and stopped the reported CCE falling below $15m for the first time since 2009.

    Tick tock tick tock.
 
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