GREY:IMVIF - Post by User
Comment by
_mvmon Nov 11, 2019 11:06pm
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Post# 30337937
RE:RE:RE:RE:3rd Quarter Results with Updates
RE:RE:RE:RE:3rd Quarter Results with Updates"Seems like a great update and the stocks drops... I guess due to continual slippage of timelines... "
Tax loss season is just about here and from the update it has become obvious that the burn rate is now about 6 Million a quarter. With 20 or so in the bank, I would imagine we are going to be looking at a financing somewhere around March - April as well. Of course, we now know how much they can make that hurt.
Frankly, with a much smaller position than I had in the past, and an interest in accumulating once again, my thought is that this is not the time to do so. So I can understand the market's response. With not much on the immediate horizon, the time to buy this will be after the next round of financing.