The burn rate is still very high. We don't have an idea of the inner workings, but $8MM is not enough for beyond the year, assuming they keep the expense growth rate in check. Right now, they are projecting at a $1.5MM quarterly burn which could grow to $2MM or more. Awaiting their upcoming 4C.
Ann: Dragontail Completes Oversubscribed $8.8 million Placement, page-8
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