RE:Biogen's success has nothing to do with PMNThere's also phase 2 which totals $3 million and expected to close within a week, so the money will last us a few months, maybe 6 months. What's interesting is the list of things this company has lined up including near term revenue generating opportunities. The clause of the 60 cents for 30 days forcing the warrants to be exercised is good to see with the hope that the company delivers on its promises and increases shareholder value soon enough to prevent another low priced PP. A PP was expected based on the cash on hand in the last financial statement so it wasn't surprising, it's just that they did it at 12 cents which I didn't like.
Actuarial wrote: How long would $1.6M last? One month? Two months? I can see another PP is on its way ......