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Posted On: 10/09/2020 7:02:14 PM
Post# of 153590
Based on this quarterly report, I’m assuming a large portion of the funds raised from conveyed warrants went to paying a portion of the Samsung bill. But I believe there’s still approximately $30 million owed to Samsung by the end of the year.
Also, CYDY had $18 million on hand on August 31st, 2020, with a burn rate of $9 million over the three month period. That $18 million isn’t going to last long at a burn rate of $9 million AND a pending payment to Samsung. I’m assuming the $9 million a month burn rate will drop with completion of the M2M trial.
Also, CYDY had $18 million on hand on August 31st, 2020, with a burn rate of $9 million over the three month period. That $18 million isn’t going to last long at a burn rate of $9 million AND a pending payment to Samsung. I’m assuming the $9 million a month burn rate will drop with completion of the M2M trial.
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