BOT 3.49% 8.3¢ botanix pharmaceuticals ltd

repeating this notion that ".....they’re covered for the next...

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    repeating this notion that ".....they’re covered for the next two years and that’s a big thing” needs to be substantiated though, either their last quarterly is wrong and Bernberg is right or vice-versa.
    What has been released to the market is that cash burn is currently forecasted @5.94m/Q:

    https://hotcopper.com.au/data/attachments/2356/2356888-07512c506b634c730a0c54ba10f995d5.jpg
    Even allowing for a generous R&D rebate of $7m brings the total (retrograde) cash at the end of June to 31.6m, that correspondS to 5.32 quarters: running out of cash around November next year until they announce otherwise.
    BOT has great potential but a CR will come for its phase 3 acne trial, until they deliver some "non-dilutive funding arrangement", let's keep it real.
    Last edited by aburbe: 06/08/20
 
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