I can not possibly understand how you thought that was positive. Did you just ignore the portion of the letter that basically says we can not raise enough money through new stock offerings so we are now going to finance our future revenues. Even if you are gullible enough to believe those forward looking statements, surely you have to see that there is no real revenue until 2015. Shortall sure has been right on with delivering those contracts. My count is 0 for 3.
Current cash burn is 10.2 million per quarter and now we are going to finance that probably with long term off the top payments.
We could discus unilife's ability to actually manufacture the products listed in that letter, but if you thought that letter was positive then you would probably think the lack of production line capabilities are the best thing since sliced bread.
We just issued some stock and have been warned we are about to borrow money.....and also told we probably will have no significant sales for a year. So why is our price popping today? What is that about?