From the quarterly....
$2.6M burn for the qtr aided by $1.9M grant.......so would have been $4.5M
without the grant.....
Projected burn this qtr, over $7M, cost as trials and AIPAC expansion kicking in.....
Bank balance +$21M......
Therefore I offer the following and can others check my work if you have time...
$21M at hand...projected $7M spend this quarter leaves $14M odd to kick
off 2019......Therein lies my question.......
I have seen reports we have funds into 2020 but I struggle to see how $14M
will get us through Q3 calendar year 2019 let alone into 2020.....
I know milestones expected amongst possible further grants but they are
not documented......
Any thoughts?
Ann: Appendix 4C - quarterly, page-2
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