Question about capitalization of company. Short-te
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Posted On: 06/08/2017 11:50:58 AM
Question about capitalization of company. Short-term and long-term, what are prospects?
Leo: CTIX has always operated on low cash reserves. Try to be conscientious about dilution. Small biotechs, financing and money in bank is name of game. Have acquired compound, built staff without too much capital expenditure, operating efficiently and allocating resources wisely. Try to keep cash burn at minimum. Still have millions in equity line.
With strong clinical data doesn't anticipate difficulties in financing. But PARTNERSHIP would be game changer.
Working diligently on negotiations toward partnership but making sure enough is in bank to keep going.
Leo: CTIX has always operated on low cash reserves. Try to be conscientious about dilution. Small biotechs, financing and money in bank is name of game. Have acquired compound, built staff without too much capital expenditure, operating efficiently and allocating resources wisely. Try to keep cash burn at minimum. Still have millions in equity line.
With strong clinical data doesn't anticipate difficulties in financing. But PARTNERSHIP would be game changer.
Working diligently on negotiations toward partnership but making sure enough is in bank to keep going.
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