Guy’s response today 👇 People love to say things with no basis for their opinions.
If you look at the last financial statement and MD&A, Tetra $8.5M in the bank account. The MD&A states a focus on 2 projects only: QIXLEEF and REDUVO. The other drugs are ready to enter clinical trials but, with a market cap oriented vision, the Board decided to park these other drugs. The vision is that once REBORN1 and the DIN is obtained the share price should change positively. Hence, focusing our cash and energy on those 2 projects. The impact of this is a direct reduction of the monthly burn.
The positive message to take 'home' is that the new board is sensitive to the impact raises, and an ATM, have. The CEO and Board are aligned to drive the company to achieve those two critical milestones. Once achieved, it will be a different company.
Keep in mind that the public info on Tetra also states that we are still in the 'game' for government funding.
Regards
Guy
Guy,
Does that mean we have an alternative plan in place? Ppl suggest
People love to say things with no basis for their opinions.
If you look at the last financial statement and MD&A, Tetra $8.5M in the bank account. The MD&A states a focus on 2 projects only: QIXLEEF and REDUVO. The other drugs are ready to enter clinical trials but, with a market cap oriented vision, the Board decided to park these other drugs. The vision is that once REBORN1 and the DIN is obtained the share price should change positively. Hence, focusing our cash and energy on those 2 projects. The impact of this is a direct reduction of the monthly burn.
The positive message to take 'home' is that the new board is sensitive to the impact raises, and an ATM, have. The CEO and Board are aligned to drive the company to achieve those two critical milestones. Once achieved, it will be a different company.
Keep in mind that the public info on Tetra also states that we are still in the 'game' for government funding.
Regards
Guy
Guy,
Does that mean we have an alternative plan in place? Ppl suggesting that tetra is out of money. Is this correct?