Post by
Breakthorough1 on Jul 28, 2023 4:46am
2002 Q2 Results
"Where we sit today -- and I think Brittany covered it nicely in the scripted part of the presentation -- we know that we can get through our milestones that we believe are value creating with the cash we have on hand. We don't believe that's a risk. But if there is a way to further optimize the organization around milestones that we may be creating, that's something we're always open to. And so you will see from our financials that our cash burn has become more efficient, even though doing Phase IIb studies, which, as you know, are not inexpensive, but the sort of cash optimization, I'll call it, of this organization is pivotal to our strategy. And that's something we're very closely monitoring and continuing to evaluate."
Comment by
Jthom376 on Jul 28, 2023 8:28am
This company did nothing but lie to investors... It's hard to believe companies are allowed to conduct business like this. Hard to believe that the people running it can't be held personally responsible... 40-50k down... not much compared to some but it was a lot for this guy. if there is legal recourse against the company and against the ones who ran it... I am in
Comment by
Breakthorough1 on Jul 28, 2023 3:31pm
The results. They should disclose the results the have now, even if they are winding down the trials/company. Their only chance to leave this story with dignity.