The recently filed 10Q presents no significant information or surprises; points of interest -
- No Canadian Grant money received during the quarter
- Series 2 Class B shares recorded at $4.00
- R&D spend was only $158k reported as basically salaries
- Burn rate for the Q was &500k
CGNH projected revenues will be generated "by" Q3 2011; IMO CGNH is informing us that by May of this year they will be reporting revenue presumably from the sale of paramagnetic beads although no indication is given for the source of this revenue.
Outstanding events we need reported IMO are -
- Status of the MTA with the bead manufacturer
- Status of the MTA with the IVD company (hopefully IMO this is Siemens)
- Initiation of the head-to-head study of the POC analyzer
Ante
