ZIOP correction... price to cash is more like 4X.
With a tip of the hat and thanks to Fred, who queried me by PM, I went back, re-listened and recomputed...
In todays telecon, they said they had, $73M. At which point I stopped listening. When I went back, that was at Dec 2012. Looking back, they had an average burn rate of about $25MM per quarter, so, make that $48M today and backout reorganizing costs and make that about $40M available for the next nine months. They also added they could complete 2013 with cash in hand [and I suspect vapor in tank during Nov and Dec.] They did promise to follow up shortly with the financial picture.
Just another example of great support among the bio-friend community here at SI. When our thinking is wrong, it needs to be questioned. When the facts are wrong, challenged.
Appreciatively,
graham
-- |
