Protox Therapeutics Inc T.PRX

Detailed Results

[cabbieJBJ]

Bioboy:

I didn't see any urine flow and prostate volume results in the NR; they were part of the prtocol. 

The NR stated:

Detailed results from this study will be presented by Professor Mostafa Elhilali during a podium session at the Annual Meeting of the American Urological Association to be held in San Francisco, May 29 - June 3, 2010.

To me that means more data is to come.

[bioboy10]

You are right cabbie, May 29th is when we will get the rest of the data.Theres a buy recommendation by Dynamic Power small cap fund on PRX. Also I hear dundee has a report out as well citing the results were very good. ( anyone that has this please post ).Once the Financial over hang is out of the way it should bode well for the stock. I think they will do a small  financing at this level

[risky_ventura]

PRX will need about $6 Million in financing to stay afloat until conference in May.  The 3-months results won't make financing easy, share dilution looks inevitable.  6-Month results should be available by mid April, in time for the conference.   I'll buy some shares if SP goes below .53. 

[cabbieJBJ]

Where are you getting your numbers risky?  Please enlighten the board.The cash burn should be negligible at this time.  I'm also guessing that the options were exercised in early Jan-10, yeilding about $500K.Thanks, jb

[risky_ventura]

JB: I got my numbers from recent quartlerly financial statements.  The burn rate I indicated was likely high because, as you point out, R&D costs are probably less than in recent quarters.Net Worth or Owners Equity is on the Balance Sheet.  It equals Assets minus Liabilities.Burn Rate for a business that is developing drugs is pretty much ~ Expenses, how much it costs to run the

[cabbieJBJ]

I think you're on the high side Risky, given that the bulk of 2B costs will be realized by Q4. Q4 results will be availble in a couple of weeks, based on historical timing.  That should give a clearer financial picture; I expect guidance and a go forward plan to be part of the CC at the very least.I also believe that any financing, if that is the preferred route, may have to await