.......Reality is, we have 4 years cash and no real prospects of rapid expansion that would require such a large injection of cash that $16m wouldn't already support, we aren't opening plants around the world or drilling for gold or launching registrational trials...Yet.......BigDaniel
Yikes......16 million in the bank for......Prescient Therapeutics Ltd is a small molecule drug development company focused on new cancer drugs.
is not a lot of money. Just sayin, that no matter what it has going for it today, tomorrow is full of unknowns...sometimes expensive unknowns.
I am not one for having a huge pile of cash and a ton of SOI, but I do believe in covering your tookus just in case.
The bigger thing, is that we shareholders don't actually know what management is thinking all the time. They are planning years ahead in some cases and you are not privileged to that information. You are only dealing in the "now" and not the future. It is good to discuss current conditions, but let's not forget that without proper planning, the future could be catastrophic. It is simple thinking really, and this is where you must have faith in your Board to do the right things.
I'll step down off the podium now ___
Oh....I LOVE this company
and grateful to hear good things about its future kicking Cancers arse!
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