GALE has a little over 2 quarters of cash .23/share
They are burning .09/ quarter. Phase 3 will take 3 years to complete and then another 9 months - 1 year to get through the FDA. How many dilutions will we see along the way? This is why it is so heavily shorted.
Really? Do you just make those numbers up? a year to get through the FDA? my understanding is they(gale) have 40 plus million and start up is the major cost and now there in the 3-4 mil per quater range. Also SpC from FDA so its already being watched So that blows a hole in your theory . Nice to try and soft bash LOL