TELESTA THERAPEUTICS INC T.TST

Next Pop

[RetailRube]

Which will provide the pop in the stock price?

1. Submission of the BLA application in June
2. FDA announcement whether or not the application has been accepted (no more than 60 days following submission)

And when will they know if they have received exemption from filing fees?

[HighteawithIntrepid]

RR Logically every time we tick a box the odds of ticking the next box increases so the share price should improve as we close in on the final  approval. However, when we delayed our filing by 90 days we added ,1800,000 to our cash burn more or less so the other side of the coin is only  having enough cash to get to September not December. HT

[RetailRube]

HT, I don't understand why you say our cash burn increased by $1.8m.  Since our cash burn is salaries, and we have the same number of people no matter when we submit, and revenue is in 2016 at best anyway, how has our cash exhaustion date moved from December to September? Are you sure?

[HighteawithIntrepid]

RR When we moved the filing date from March 31 to about June 30 we added 90 days everything being equal to our requirements for  cash before a cash inflow event. So if we expected a yes from the FDA after 60 days from March 31 or an acceptance by May 31 that is now August 31. I believe the December FS said we had cash to September. So we need 1.8 million more to be in the same Financial

[bayoubucks]

HT, do you work for the government in accounting?

[RetailRube]

OK, I see the difference in our perspectives.  You assumed we would have cash inflow in 2015 from first customer ship.  I assumed we had to wait until final FDA approval which was always in 2016 (1Q-2016 for a while, then 2Q-2016 on the latest presentation).  In my world, they will run out of cash (still) in 4Q-2015.  The delay in filing the BLA has not changed that.

[HighteawithIntrepid]

RR Under a March filing my expectation was that the September 2015 warrants would be a cash flow event, but now not so much as the acceptance  of the filing is not a given before they expire.

[blartar]

HT   don't concern yourself about the Sept. 2015 warrants. Management loaded up on lots of OPTIONS @ .30-.40  to replace them when they exspire.That probably puts them in the right hands now.   JMHO