TSXV:KHRN.H - Post by User
Comment by
Benedictuson May 05, 2020 1:24pm
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Post# 30988635
RE:RE:Khiron Life Sciences Reports 2019 Fiscal Year End Results
RE:RE:Khiron Life Sciences Reports 2019 Fiscal Year End Results Thanks for posting the deep dive. Biggest question is the current burn rate now that opex and capex are slashed. Per the latest call, Chris said they have no intention of raising any time soon but when does push come to shove? 9 months ? 12 months? These guys hired top talent and are executing in many markets and are building an incredible distribution network in multiple markets but even with cost reductions that just isn't cheap.
The timing of the 500K buyback yet again shows just how shrewd these guys really are. Timing is everything and between the timing of the last raise and the recent buyback all I can say is wow! Just incredible understanding of how to maneuver the capital markets. All imo.