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CytoDyn Inc CYDY
(Total Views: 374)
Posted On: 09/23/2019 2:35:21 PM
Post# of 153778
Posted By: LaundryMoney
If I remember correctly. Cydy had 2 million at the end of Mays 10k. The tender offers brought in 15 million. This last little Diddy brought in .9 million but I'll round to 1. So ~18 million in cash to get through June, July, August, Sept. At a little over 4 million burn rate per month that put us at the tail end of that cash wouldn't it? Unless i missed a raise in there somewhere or the burn rate dropped precipitously after RPs departure.

I still don't see having 5 Million left over to pay progenics upon FDA approval, so either the "we don't need this money" is incorrect or the BLA filing triggers a milestone and makes the agreement binding that would cover the cost.













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