CBZ cbio limited
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Cash at June 30 $3.4M. Cash burn rate roughly $2m per quarter =...

  1. TimHordern
    26 Posts.
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    12/09/10
    10:10
    Post #: 7186937
    Cash at June 30 $3.4M. Cash burn rate roughly $2m per quarter = more cash needed soon. Only got $400k for the SPP so what's next? Rights? Placement?

    Anyone following this stock? Curious to know how long they will be in Phase II trials and the likely success of this.

    $13M mkt cap is a bargain if they have something that works but I reckon they will need a whole lot more cash to get there.

    Probably a ST sell and LT buy.
    CBZ Price at posting: 18.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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