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Posted On: 08/04/2019 4:55:29 PM
Post# of 154221
Well I tried to respond Anson to with filing on the yahoo board, but yahoo took it down.
Just a rough estimate, without double checking math for lack of time.
Feb 28 Cash on Hand $1.6M
Money Raised + cash on hand
Burn rate ~$3M-$4M (though I would not be surprised with higher with the mono enrollment) Say $3.5M just for an educated guess
So around $25M cash, $21M burn, leaving $4M cash. Of course the liabilities could be more or less, and the cash then would be more or less, also depending on the cash burn rate being correct (and no mistakes above on quick pass)
Just a rough estimate, without double checking math for lack of time.
Feb 28 Cash on Hand $1.6M
Money Raised + cash on hand
Mar 20 $3.2M
Apr 5 $4.0M
Apr 15 $1.1M
May 8 $3.0M
Jun 12 $9.1M
Jul 31 $2.8M
-----------------
$23.2M
COH $1.6M
Burn rate ~$3M-$4M (though I would not be surprised with higher with the mono enrollment) Say $3.5M just for an educated guess
So around $25M cash, $21M burn, leaving $4M cash. Of course the liabilities could be more or less, and the cash then would be more or less, also depending on the cash burn rate being correct (and no mistakes above on quick pass)
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