Why would you start a thread like this?
Why not reflect the facts:
- cash position is satisfactory for another 7.5 quarters at current burn rate
- expect to receive revenues in Q4 assuming approval in q3
- CEO has publicly stated they have enough funds to see them through 2013
A balanced interpretation would be that there might be a CR in the beginning of 2014 to see them through to profitability and accelerate the Extended Release program. Assuming we have a 200m MC by the end of the year (being conservative) a small 10-15% CR would net 20-30m in fresh funds. Seems reasonable to me. The company expects to receive 75m in revenues in the first 18 months post approval so any CR would be small... If they need one.
But it does depend on the approval and then sales traction.
Why would you start a thread like this? Why not reflect the...
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