MSB 2.52% $1.74 mesoblast limited

Guess he reads @madamswer! CORRECTION: MESOBLAST Last night’s...

  1. 149 Posts.
    lightbulb Created with Sketch. 32
    Guess he reads @madamswer!

    CORRECTION: MESOBLAST

    Last night’s edition calculated Mesoblast’s runway as 18 months based on its most recent Appendix 4C Quarterly Report
    Biotech Daily’s vice-president of mathematical computations did not realize that the Appendix 4C for the three months to September 30 was the first following the company’s change to reporting in US dollars.

    With a spend of $US28.1 million for the three months to September 30, 2015 and $US77.8 million in cash at that time, Mesoblast had three quarters of cash.
    The net proceeds from the Nasdaq initial public offer was $US58.8 million, not the gross proceeds of $A95.8 million used to calculate the reported “secure 18 month runway”.
    This means that with $US136.6 million at the September quarter burn rate, Mesoblast had 14.6 months of cash, from September 30, now 13 months, and not 18 months.
    The vice-president of mathematical computations and the sub-editor have been dismissed without pay.
    Mesoblast fell a further 12.5 cents or 6.8 percent to $1.705 with 2.1 million shares traded
 
watchlist Created with Sketch. Add MSB (ASX) to my watchlist
(20min delay)
Last
$1.74
Change
-0.045(2.52%)
Mkt cap ! $1.128B
Open High Low Value Volume
$1.78 $1.80 $1.73 $6.076M 3.476M

Buyers (Bids)

No. Vol. Price($)
2 20824 $1.74
 

Sellers (Offers)

Price($) Vol. No.
$1.74 23759 2
View Market Depth
Last trade - 16.10pm 07/05/2021 (20 minute delay) ?
(live)
Last
$1.74
  Change
-0.045 ( 2.86 %)
Open High Low Volume
$1.78 $1.79 $1.73 1037244
Last updated 15.59pm 07/05/2021 (live) ?
MSB (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.