Given the good conversations this weekend and the recent discussions on burn rate and capital I'd like to point out page 17 of the new Corporate Overview document entitled "Navigating 2016". It highlights they have sufficient capital for 9 quarters. Given that during the recent conference call they gave a projected burn rate enabling capital for 8 quarters, one is led to ask, "Has anything changed?"

I realize that it's only a difference of one quarter but it is different from what we were told only a couple weeks ago. Was the presentation prepared prior to the conference call material? Maybe. Was a more granular view of the burn rate refined since the cc? Maybe. I would assume that since they are projecting out through 2016 that future burn rate would have been taken into account.

It just struck me as interesting and might provide fodder for the more discussion. Interested in anyone's thoughts.

Green