RE:Im curious for year end financialsStutters wrote:
2021 financials had ate ear marked at 72 million in cash. 2022 should be around 36-38 mill or half the cash. Its been 1 heck of a year folks.
Seriously - get over it !
They didn't pick up the cash so they could nurse it in the bank.
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Let's assume $55M in cash right now.
By September I predicted there's a good chance we get about $7.5M - let's go with $8M now.
So at $2.5M in avg monthly spend ... by year's end ... we'll drop $20M.
In the bank on Jan 1 2023 - could be as high as $43M and as low as $35M (my guess).
As you know ... this is drug development and they picked up the cash for a really good reason.
And the spend is going to grow - there is no doubt.
To cry about cash spend is like saying you have no idea what the goal is here. Let me help ... expensive drug development.
That's the way it's supposted to be! Get over it !
: )