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Message: Re: How is the company being funded

Dog,

How Cardiogenics continues to fund its operations is a question I think about every day. IMO possible scenarios -

  1. 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).
  2. Senior Management may have suspended/surrendered their salaries and requested company employees to join them, if possible.
  3. negotiated a "loan" agreement with a Board member, hopefully in exchange for equity
  4. some combination of 1, 2 and 3

Ante

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