Theratechnologies Inc T.TH

How did we lose $5 million in cash

[SPCEO1]

between the publishing of the corporate presentation this morning and the B. Riley presentation this afternoon? The corporate presentation says pro forma cash post the offering is $70 million while Paul mentioned $65 million on the B. Riley call. I hope they did not spend it on lunch today!

[qwerty22]

I hear Perrier Water is quite expensive.

[palinc2000]

This is the proforma cash on hand as of the year end not as of the end of the 3rd Quarter[ quote=qwerty22]I hear Perrier Water is quite expensive. [/quote]

[Spartrap]

Joke aside, the Coporate Presentation sates that $70M figure is from the cash position at August 31 ($26.8M) plus net proceeds from the offering ($46M - 6.25% = $43.13M). Indeed, 26.8M + 43.13M = $69.93M So if the CEO was talking about the current cash position, then we have to assume the cash position right before the offering was of about ~$22M. So therefore, the company managed to burn

[SPCEO1]

If they burned that much cash in Q4, and they must have or Paul would not have said $65 million, it sure will be interesting to see what it was spent on. I was figuring it would be a cash nutral quarter. Perhaps they are building inventories of F8 Egrifta for the trial? Maybe an increase in inventories of Trogarzo in Europe in anticipation of more countries openng up? I imagine they could have

[scarlet1967]

They should have strict cost control, I still don't know why adding two extra board members again many big tech companies are planning to keep a good portion of the remote workers! The sale force should be reduced as they can reach out to more clinics electronically as there is no travel time or expenses. The commercial properties have depreciated significantly in Canada as many companies don&