Recent financing: The Company has received commitments and indications for approximately $4 million in gross proceeds.
At this rate the company is using about 1.3 Million/quarter. This means the recent financing was done when there was almost no cash left. And this will probably be enough for less than 3 months. Especially when doing pre ind/tox studies and all the other things they have going on.
Drive a moped or a truck, arwr is a truck, a holding company with many many irons in the fire. Being undervalued by 10 times cash burn seems to be a lot. Normally a big r and d comp like us would have mcap of 300 mill-3000 mill,then the dilution of 15 mill would be minimal.