Hemispherx- CEO and his Associates-cash burning rate? ampligen future grim-read this
Carter and his cronies are still eating up all the cash, churning out multi-million dollar losses year after year. Even worse, they still have no clue how to run a biotech or clinical trails for that matter and have done nothing to improve this critical shortcoming.
So it will just be more of the same, only this year should be much worse too. If they have to incur the costs of starting up another phase 3 trial, you're looking at an additional $10-20 million loss on top of their average $10-15 million loss.
Unfortunately, such a trial will prove fruitless once again because as I mentioned Carter and gang have no idea how to design a trial that acutally proves efficacy. They're good at taking money from investors though.
Carter got ever fresh cow for the last 40 years, have kept milking it with an intention of lasting it for a century. This cow called ampligen is a piece of work by itself, neither get old nor die. i need an ATM machine which last forevere. What a bunch of old cronies
Carter is not going to do a phase III....dosen`t have the money to complete it. Face it...this company is Carter`s (and the BOD)personal ATM. Been that way for many years and not likely to change. Carter and cronies will milk this company until it runs out of cash in about 2 1/2 years. Most of them are in their 70`s or 80`s and will be ready to retire quite wealthy....thanks to HEB investors.