How long can they just burn through cash? These guys better come up with an actual salable product here really soon or this company is big trouble. The cash burn rate is alarming. And from what I can see there are basically no real revenues to speak of... lots of promises, and all kinds of research and such... but still nothing tangible. The sol-gel thing is promising, but I fear still a long way from approval for public, and the diabetes research is also interesting, but again, Lightyears away from being an actual revenue source... I’ve been long on Prev for a long time, but no company can continue to just burn through cash forever... these guys need to start posting some revenue soon, otherwise I fear a collapse on the horizon...
and yes, they have the Asterion thing... but what will Asterion buy? There is no product that is ready to go to market...
It’s not looking very good for Prev... I’ll give them another 6 months and if real revenues don’t materialize... I’m out.
GLTA