RE:RE:RE:News: ProMIS Neurosciences announces Q2 resultsCash on hand as at June 30th is $1.296 million which probably lasts two to three months, so there is not much time for them to announce the stellar news about COVID neutralizing antibodies identification success, and then they can do the PP at 30 or 40 cents rather than the 20 cents. It's hard to predict how the market will react to the great news on COVID. I wouldn't be surprised if the share price more than doubles immediately following the news as we went as high as 31 cents on 16 million volume on the previous news.
M101 wrote: I'll give them credit for collecting $1.2 million on 9.5 million warrants, lowering the warrants outstanding to 36.6 million. But that $1.2 million represents all the cash on hand as at june 30 while our reduced montly burn is still almost $600,000. So, do the math.