RE:RE:Cash Burn / Need More Cash ASAP
There was 1 million warrants exercised early August about 2 weeks after patient#4, and another 1.250 million warrants exercised last week, about 1 month after patient#4. Those might represent smart money waiting for confirmation that #4 was aok. There's remaining over $14 million in warrant money out there waiting to be exercised. There's also about $2.5 million of vested options. Most of that is with RW I think. I don't know of anything that would prevent RW from exercising those options if he has the personal financials to do it. Assuming spending of $1 million for July/August there could still be $1.5 million cash here at the end of August. Not great but maybe enough with some more warrant money to get us to 30 days on the first six.