I don't recall the terms of the proposed loan being disucssed in detail. I know there have been comments regarding the cash burn, and how it should be going down now that patients are dropping off, their dosages complete
I went over the terms of the loan again and the interest is to be paid monthly at an annual rate of 10%. That puts the interest expense at $3,000,000 which on a monthly basis comes to $250,000, the PR says the interest costs would be due monthly...and then of course the entire loan comes due 12 months after its approved, assuming of course its approved.
So whatever the burn rate is, we need to add $250K to it if the loan is approved....no more junkets, just get the Statistical Futility Thingamajigee out and let's hope the market gets super excited.
I know its not Don's style, but we could use some PT Barnum, Elon Musk style showmanship about now.