All these post are old news about punters using it and old...

All these post are old news about punters using it and old valuations...these guys are burning through over 10 mil a quarter and the reason its down from last is cause they made 1.1m up from paltry 500k....there staffing levels are still costing 4.9 mil and "other costs" are 4.9mil..too much, plus they are starting more trials on other products, these were supposed to be funded out of massive profit from sales of broncitol.....the 20 mil from Nova is ONLY for more trials in broncitol so its not there for them to just use at will, so don't include it in there total cash in bank like some people do...they have 53 mil burning at approx. 10 mil per quarter whilst only making 1.1 mil..they should have sorted out the buyer by now as well...always delays in this company and i reckon they will be looking at another capital raising soon...look through the crap about increases in sales...they were supposed to be at this level after the 1st quarter when entering into Germany..better companies out there than PXS.