RE:RE:RE:RE:RE:RE:RE:Anonymous sold a bunch at 4.5 centsWell, if I was to take an educated guess, they have reduced company expenses down to a bare minimum, not taking salaries, and using share based payments to fund advisors and consulting work.
But quite frankly, nobody has visibility on the finances as of today other than management, and good luck with them sharing that.
These are all options open to them, then add the $500- $800k they get on the R&D tax credit payment, and you have a runway to get them to the milestone at market launch.
If in the interim, they raise equity for the subsidiary, then that would like putting gasoline on fire from a share price perspective.
So it could go either way, but the very first maneuver they would make it they really needed cash is to lay off all the scientist staff (around 8-10) and just have the three leaders run the show until the money starts flowing.
I don't see that at the moment and all the board here is saying is the sky is falling. Lol