History Lesson #1A this is really just a little example out of countless others, sort of recent drop in the lake of failures -
from the same newsletter to shareholders, Q2F2012 which ended in December 2011:
"... Further initiatives expected to deliver immediate improvement
We are confident that further reductions in our cash burn rate can be achieved
over the next six months through a strengthening of Animal Health product sales, the deferment of certain early stage Research and Development projects, and continued scrutiny around administrative expenditures........
........Outlook remains strong and positive ...."
here is the link:
https://www.bioniche.com/pdf/2012/Q2F12%20shareholder%20letter-final.pdf