I did not go back to listen again but besides mentioning there are now 75 employees. I believe Lewis mentioned a $13M-$15M quarterly cash burn (from $113M at end of 2013). So, if I have this right, we would be looking for "cash" no later than the end of the 3rd Qtr this year. That could be done with partnerships or loans or yes, one more "5M share offering". We should be in good shape before we get to that point. Anyone else see it differently? I could be off a bit.
My wife told me what your screen names stands for..shows you how sharp I am..As far as cash goes, I
gather we are currently, (as of April 9) sitting on 100,000,000.00 dollars. (that looks impressive) There
are multiple folks not only interesting, but pushing to be involved..or partnering. I don't think we will see
a real press for selling more stock...
Sharp huh? Anyway, you never wait until you get low for cash. Also, IF we do the PH3/4 let's say we need another $10M-$15M. We also have to pay for filing AND we now have many more employees (payroll) then we had before this quarter. My real concern is the PERCEPTION of wall street of running low on cash. Yes, we are good now AND I believe the reason Lewis mentioned potential suitors (partnership) is to mitigate issuing any more shares. This was food for thought anyway. No matter what, cash burn will increase. As for Zake(1) the name has nothing to do with "sharpness". It was representative of investing and posting back in 2004. Anyway, If we increase cash burn to averaging $20M a qtr, then I would not think we would wait until 1Qtr of 2015 to do anything.