Based on this quarterly report, I’m assuming a l
Post# of 148169
(Total Views: 544)
Posted On: 10/09/2020 7:02:14 PM
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.
(1)
(0)CytoDyn Inc (CYDY) Stock Research Links
Scroll down for more posts ▼