$5mm in cash?? They reported almost the same number a quarter earlier? Thought they were preparing for their next PAT-SM6 clinical trial? How can they actually be doing that if they spent no cash? According to Patrys, there were still issues with the PAT-SM6 material to fix (would cost cash) and there are obviously significant set-up costs for a clinical trial (eg CRO, hospital costs etc) even before the trial is opened. If there has been very little cash spent in the quarter, what are they actually doing?????
In a previous company presentation, they also stated that their cash would last into the second half of 2015...well, we are almost there!
PAB Price at posting:
1.1¢ Sentiment: None Disclosure: Not Held
