Dog,
How Cardiogenics continues to fund its operations is a question I think about every day. IMO possible scenarios -
- suspended all activities (which includes the head-to-head study) that require a cash expenditure (unless they are able to convince a vendor to accept equity in lieu of cash).
- Senior Management may have suspended/surrendered their salaries and requested company employees to join them, if possible.
- negotiated a "loan" agreement with a Board member, hopefully in exchange for equity
- some combination of 1, 2 and 3
Ante