VALIRX (VAL) : Funding until May 2022....+ Q for Dr Suzy26 Jul 2021 11:20
From RNS dated 27 April.
-- Cash balance at 31 December 2020 GBP1,846,901; Cash balance at 31 March 2021 GBP1,502,885, demonstrating quarterly cash requirement of approximately GBP350,000.
1 April 2021 to 30 June 2021 = £350,000 BALANCE = £1,502,885 -350,000 = £1,152,885
1 July 2021 to 30 Sep 2021 = £350,000 BALANCE = £1,152,885 -350,000 = £802,885
1 Oct 2021 to 31 Dec 2021 =£350,000 BALANCE = £802,885 -350,000 = £452,885
1 Jan 2022 to 31 Mar 2020 = 350,000 BALANCE = £452,885 -350,000 = £102,885
1st April 2022 Balance = £102,885
We have funds for another +10 months! Funding should not be an issue!
We should conclude at least one of the two deals soon. VAL201 holds the biggest potential but VAL301 could come sooner!
I see a lot of frustration here. PYC should have completed all the work on VAL201 few weeks or months back so maybe giving us an update on this might reassure investors.
How about publishing a descriptive peer-review article on VAL201 results? This was mentioned in the live Q&A two months ago.