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EnteroMedics Inc. Message Board

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  • tr444000 tr444000 Dec 12, 2009 10:36 PM Flag

    3 scenarios

    Why are you people talking about "lots of cash"?? At one point they had $27M - true, but now, with only 3 employees left, it is fair to assume that at least 17-18 million went for severance pays, liquidation expenses, and of course, BK attorneys.

    At the 2009 burn rate, the company does not even have $$ until February-March.

    Of course, nothing has come of that "triel results review" that was supposed to take place 4-6 weeks after the failure.

 
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