PYC pyc therapeutics limited

Questions for Phylogica, page-27

  1. 5,482 Posts.
    lightbulb Created with Sketch. 705
    Im curious what makes you think that the money is waiting tb. Im not disagreeing, its just that the only reason i could see for that thought myself was the doubling of cash burn per qarter. If they didnt have an idea where new cash was going to come from then current burn rate would be suicidal. Either way we simply cannot get past 3rd qarter 2018 without new cash from somewhere and new directors were very keen to lock in contracts for 2 years, with i am guessing at this point still around one year of those agreements apparently unfunded??

    I got the feeling either the increased cash burn was just a hail mary to try and make something happen, or they were given clear instruction where to position the company by whoever will take it through next finance cycle?

    Must say im looking forward to seeing how pyc will share info on hc forum shortly without giving any material information.
    Last edited by andrewk65: 27/03/18
 
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$1.29
Change
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Price($) Vol. No.
$1.29 58344 1
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