Cash burn versus money in kitty is not a problem bobby seems to have not taken into account Sarray took a placement for 1.7M shares @ $.15 this month that will go to the kitty around plus 180k of ops were vested by scientists @ 22 cents 28/9(5 cents above the sp at the time which was a vote of confidence IMHO) the sp although getting diluted has gone up in value so cash burn is not a problem plus licence agreements imminent
Menawhile nice announcement on ASX today below don think we will have pullback now
Biosignal reduces oil & gas bacteria by 10,000 times in UK testing Strongest result so far 28 November 2007, Sydney: Results from UK testing show that Biosignal Limited’s (ASX:BOS) compounds have substantially reduced bacteria that damage oil & gas pipelines. Final results of the first round of testing showed that Biosignal’s lead compound is able to reduce numbers of Sulphate Reducing Bacteria (SRB) by over 10,000 times compared to no treatment.
BOS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held