Was genuinely curious about SPT cash position and share price...

Was genuinely curious about SPT cash position and share price (and what point you are basically just buying SPT shares for the value of their cash reserves). Looks like in Oct they had around $45M in cash (rest was loan facilities) - which means a SP of about 9c + means the market is currently valuing future prospects (and IP) at 20c (and dropping). Burn rate looks somewhere around $40M for the year (post the SPP raise Sep last year that brought in $90M.

So they need to get something happening inside a year otherwise they're out of cash (and possibly if they run out of cash, with hardly any income, maybe the loan facility gets pulled).

Doomsday clock is definitely ticking louder and louder for the believers.

Good luck.