RE:Timing of Offering Makes No Sense UnlessLenny1K wrote: In recent conversations with JJ, he had made it clear that Excelsior had enough money on hand for quite a while.
As to this .. $18 mill Sept .. they burnt thru $6 mill from previous Dec? .. so I dunno, they have what .. more than $10 mill before this PP .. that's not a whole lot and its not nothing.. I dunno, it was a bit on the slender side considering that increased burn rate .. now of course they may have more money than brains.