RE: RE: RE: RE: RE: RE: Big Bids SomeThing Is Cook Cash on hand? Burn Rate? Well, the last round was 1.4Mill completed in March. Since then, (f you take the time check out the news releases over the past year), they have layered on a load of management payroll, promotion/IR, a whack of letter writers, Cunliffe, Advisors, Bloom Burton, Belenkie, Premack, Matthews and Associates etc. etc. etc. Oh yeah, and there is a fully supported scientific team and laboratory in France. A little rough math makes me think that its gotta be a pretty hefty burn rate.
So, let's see, that was 10 months plus ago.........to think that 1.4mill, or roughly 140,000 per month is carrying this load is hard to fathom. Wouldn't you think with as much stock promotion activity (and likely a few paid pumpers!), managment, board members, operations and scientific/R&D development that the burn rate is likely more than this per month......I'm with biotech guy on this one guys. Stop the rhetoric of "news coming".......if you really know so much and if it were to come then where is it? (it all smells a little insider to me)........this group should grow up and start to act like a real biotech company! "Show me the money"........that's the news that we need to hear about.......jmho