Sorry mods, Ok lets try again,
In December they mentioned having 12mill in cash 'so enough for the next 12 months', then a CR. In my email to Julian he had said they could not gain traction in the market due to the expectation of a CR at some point, so they decided to raise now and get it over and done with. Now at the end of this quarter without the CR we would have 3mill in cash, not enough for even one quarter.
So what has happened between December and now for costs to skyrocket? Or was the mention of 12 months cash an incorrect statement?
Quarterly, page-130
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