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CYTX Financial performance development
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TOPIC: Burn rate

Burn rate 02 Apr 2019 14:10 #12751

  • myownhedgefund
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Well I finally went through the transcript and didn't see anything on the new burn rate post Lorem deal.

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Burn rate 02 Apr 2019 16:42 #12752

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myownhedgefund wrote: Well I finally went through the transcript and didn't see anything on the new burn rate post Lorem deal.

/

The 5+ million at y/e was projected to last through Q-2 - I would expect the 4 million from Lorem would take them well into Q-4.

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Burn rate 02 Apr 2019 19:37 #12753

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Maybe.
Problem is they like to include restricted funds from the Oxford loan in those estimates So $2 million shouldn't be counted.
I don't see sales helping either Q4 stunk and even year over year was down 18K and if you take out the $1 million from Bimini year over year really stunk Marc likes to spin the consumable growth...the reality is little actually flows to the bottom line.
So this is why I was curious on the burn rate post Lorem sale...the overall company has to be smaller then. No matter what, they need more cash in 2019.
Will it come before or after the reverse split on or about August 26 2019 ??? :bash: :bang: :cry:

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Burn rate 03 Apr 2019 04:51 #12755

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myownhedgefund wrote: Maybe.
Problem is they like to include restricted funds from the Oxford loan in those estimates So $2 million shouldn't be counted.
I don't see sales helping either Q4 stunk and even year over year was down 18K and if you take out the $1 million from Bimini year over year really stunk Marc likes to spin the consumable growth...the reality is little actually flows to the bottom line.
So this is why I was curious on the burn rate post Lorem sale...the overall company has to be smaller then. No matter what, they need more cash in 2019.
Will it come before or after the reverse split on or about August 26 2019 ??? :bash: :bang: :cry:

/

Why do you possibly think that the Company will need more cash in 2019 - any lost sales that Lorem now has are still being supplied by CYTX without as much of the prior overhead - granted the q-4 Bimini windfall from last year will be gone, but likely made-up in lower annual costs - as far as your RS, not likely to happen - Company as structured now is worth at least the 16+ million needed to avoid RS!:yep: :grin: :bye:

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Burn rate 03 Apr 2019 08:40 #12759

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OK I have marked the post.
I say a RS and more cash needed in 2019
You say there will be no RS and no need for cast in 2019
Lets see how it unfolds.

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