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Posted On: 03/16/2020 12:06:59 AM
Post# of 72443
I agree that especially the IBD indication looks like it could really be big but it's a question of money.
With only 187 grand in cash on hand per the most recent quarterly report and what seems like only $2 million in near-term milestones from Alfasigma possible, against expected $11 million needed for this year, they need money.
Obviously coronavirus success would go a long way towards solving the money woes. Otherwise they will be issuing stock below 10 cents and no warrants will get exercised.
With only 187 grand in cash on hand per the most recent quarterly report and what seems like only $2 million in near-term milestones from Alfasigma possible, against expected $11 million needed for this year, they need money.
Obviously coronavirus success would go a long way towards solving the money woes. Otherwise they will be issuing stock below 10 cents and no warrants will get exercised.
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