RE: When will MIP go up?Here is your answer f** basher, MIP don’t need financing, They have 4,000,000$ cash &/or cash equivalents as you can read from 3rd quarter result and as you can listen in presentation this is enough for 20-24 months, so we are still good for a year and a half minimum. Mistral Pharma financial results for the third quarter ended December 31, 2006
https://www.mistralpharma.com/eng/news.php?No=52 ``quote paragraph #5 `` As at December 31, 2006, the Corporation had cash and cash equivalents of $4,253,128 compared to $523,848 as at December 31, 2005. This increase in cash and cash equivalents can be explained as follows: During the quarter ending December 31, 2006, Mistral entered into a working capital loan agreement in the amount of US $ 1,500,000 (Can $ 1,747,950) with MMV. In May 2006, Mistral completed the last tranche of its $5,000,000 private financing; issuing 90,000,000 shares at $0.05 per share for a total consideration of $4,500,000. This financing brought in a net proceed of $3,939,017 after deducting the share issuance expenses of $560,983. During the three-month period ending December 31, 2006, Mistral continued the development of its branded products, and purchased certain R&D equipment and leasehold improvements for its new facilities. ``end of quote`` You can also listen to MIP presentation (slide #23 for your answer):
https://www.roadshows.tv/roadshows/Mistral/sept06/player.html