I am not convinced @leveller. A quarterly cash burn of 600K? seems too top heavy to me. Probably only 3 quarters left and they will need a CR unless something changes dramatically. I can't imagine a queue of investors for that based on the SP trajectory. Even if successful a CR to fund operating for another year will cause huge dilution. I am sitting on the sidelines watching this one. It may be a nice pickup in a couple of years if someone is prepared to fund its survival. until then.
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