Post by
Yajne on Nov 30, 2022 10:06pm
Cash position
Has anybody closely reviewed the cash position? Please correct me if I'm wrong but I think proceeds of the initial $2.5 mil pp are included in Sept.30 cash balance, and then another $250k from subsequent pp after Sept 30. I have also estimated cash burn at just over $400k/mo, so about 6.5 mo of 'runway' as of Sept.30. Is that consistent with how others see cash position?
Comment by
Yajne on Dec 01, 2022 12:10pm
Thought other longs might have insights on cash position. Maybe it's the 'elephant in the room'. My guess is TLT progress with FDA in Dec and during Q12023 will allow them to fully address this...which would be consistent with the insider buys in recent weeks/months.
Comment by
skys1 on Dec 01, 2022 12:58pm
Yajne, it might also mean a deal of sorts has been discussed with one or more suitors dependant on acquiring BTD and or AA which should happen within your 6 month time frame. That would explain the recent mad dash for shares, warrants, & options by insiders. And no, discussions without a firm agreement is not "material", so would not required to be announced.
Comment by
BlueFranky on Dec 01, 2022 1:10pm
Good to hear from you skys1 you've been missed!