PTX has got a lot of pots simmering away out there. Im not an accountant, but id say prudence requires cash reserves. I despise Share dilution too.
Current burn rate is c $1.1 mill /Q after taking account tax credits. Cash Reserves at the end of December were something like $3 mill. Clearly they are lower now.
we are playing a development stock. The BOD cannot let it run out of money. This announcement was inevitable. We got a busy H2 and even with dilution (and im picking a raise of c ommodities $5 mill to give an aditional 18 months cover) de risking and progress should dominate the dilution in the end. BS platatudes i know but also reality.
If you believe in the products we need the $ to bring em home and jtll all be good in the round.
yep Psych i was sodded in the big consolidation. Im still getting treatment for PTSD.
We been waiting a while and it does look like a more cirtain future map so im not going to sweat it. Our board has shown restraint and fiscal care so i must trust them on this stuff. Always nice to be offered piece of the pie as a balancer and dilution offset, lets see.
PTX Price at posting:
5.6¢ Sentiment: Hold Disclosure: Held
