We're sitting just north of a northern peso, with the MD&A having just come out, along with the financials...and we see that on October 31st cash was down to almost nothing, just $200K.  Of course it does note raising $1.3 million subsequent to that date, but with a cash burn rate of somewhere around $2 million p/mth, if cash isn't once again down to nothing its damn close.  

Yes there's all the wonderful forward looking promise for 208.....but without cash to advance development, let alone meet basic business expenses...

I won't go into any more detail....the fundamental financial picture is what it is.  The question I think worth asking is this: 

Can things get any worse?

Given the financial picture a Mcap of even $100 million is remarkable in my opinion, and Resverlogix's Mcap is almost double that in US dollars.  I caution myself with the realization that things can always get worse, it may be darkest just before the dawn....but if dawn coincides with a full solar eclipse, oh well.  

But with that being said, with the way things look right now...to me the only way things get worse than what they are now is if the company was to fold up its tent, and with a Mcap of around $200 million CAD right now, the market is telling me that's not in the cards...which means something has to be brewing in my opinion.

Merry Christmas all