Russ
My guess is the spend for the quarter is high due to the contractor payments to complete the new facility and additional staff here and overseas to sell Cardiocel. There is probably some upfront payments for the phase 2.
We will need to wait for the 4C but Julian previously advised that the company is in the best financial position it has ever been and I assume he would have taken into consideration the cash burn for the quarter. Have to spend big to make big.
Why no moment yet, page-13
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