One last thing...Lee said in his last video interview which wasn't so long ago that they had enough money to keep em going for at least a year no problem.
You all do realise that they are a R&D compnany and that most R&D companies can take copious years leading possibly well over a decade doing phase 1,2,3 studies before they even have a licenced product out their they are seilling and that during this time their company still magically can be worth 100's of millions of dollars or more based on nothing but future potential.
One great thing about Replicel is in their approach as an R&D company in how they finance themselves by collaborating with other companies and having those companies pay Replicel's way instead. By Replicel doing what they are doing, they actually see actual real money given to them from other collaborating companies before they even have a product out on the shelf unlike the majority of other 1000's of R&D companies.