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Posted On: 01/01/2020 11:27:34 AM
Post# of 151843
In the interview yesterday, NP said that CYDY is seeing cash come in from investors converting their warrants. He didn’t say how much, but we should get an idea over the next couple of months as Trading continues to update the share count.
I don’t recall the cash that CYDY has on hand at this moment, but they’ve been burning around $3 million a month. So enough warrants will have to cover the monthly burn until 1. Milestone payment for BLA submission comes in or 2. Further licensing agreements are signed with upfront cash. Let’s hope that happens to avoid further dilution.
I don’t recall the cash that CYDY has on hand at this moment, but they’ve been burning around $3 million a month. So enough warrants will have to cover the monthly burn until 1. Milestone payment for BLA submission comes in or 2. Further licensing agreements are signed with upfront cash. Let’s hope that happens to avoid further dilution.
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