Investor Relations (IR) Questions: Senesco Technologies SNTI
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Answers received: August 2013
1) When is the last time SNTI raised cash through an offering (diluted)?
We raised gross proceeds of $1,255,000 in May 2013 in a registered offering of common stock.
2) How much cash (not cash equivalents) does SNTI have?
As of March 31, 2013, we had cash of $1,581,037. Subsequent to March 31, 2013, we raised gross proceeds of $1,255,000 in a registered offering of common stock.
3) What and approximately when is the next known catalyst?
The next potential scientific catalyst would be results from the third cohort of our phase 1b/2a trial. While the third cohort is currently open and recruiting patients, we have not put out guidance as to when we will have the results of this cohort as that is subject to patient enrollment and retention.
4) What is SNTI's quarterly cash burn?
Our quarterly cash burn for the nine months ended March 31, 2013 was approximately $1,100,000
5) Does SNTI have an existing line of credit and if so how much can they draw against it?
We have a $3,000,000 line of credit. We have drawn down approximately $2,200,000
1) When is the last time SNTI raised cash through an offering (diluted)?
We raised gross proceeds of $1,255,000 in May 2013 in a registered offering of common stock.
2) How much cash (not cash equivalents) does SNTI have?
As of March 31, 2013, we had cash of $1,581,037. Subsequent to March 31, 2013, we raised gross proceeds of $1,255,000 in a registered offering of common stock.
3) What and approximately when is the next known catalyst?
The next potential scientific catalyst would be results from the third cohort of our phase 1b/2a trial. While the third cohort is currently open and recruiting patients, we have not put out guidance as to when we will have the results of this cohort as that is subject to patient enrollment and retention.
4) What is SNTI's quarterly cash burn?
Our quarterly cash burn for the nine months ended March 31, 2013 was approximately $1,100,000
5) Does SNTI have an existing line of credit and if so how much can they draw against it?
We have a $3,000,000 line of credit. We have drawn down approximately $2,200,000
Answers received: January 2013
1) When is the last time SNTI raised cash through an offering (diluted)?
Senesco completed a $3,000,000 offering on January 8, 2013.
2) How much cash (not cash equivalents) does SNTI have?
Senesco had cash on hand at September 30, 2012 of $1,312,056.
3) What and approximately when is the next known catalyst?
We will be reporting the results of the second cohort of our Phase 1b/2a clinical trial in multiple myeloma. The timing is dependent on patient recruitment and retention, however, we believe that we will be reporting in the next couple of months.
4) What is SNTI's quarterly cash burn?
Senesco has historically burned approximately $1,250,000 per quarter.
5) Does SNTI have an existing line of credit and if so how much can they draw against it?
5) Senesco does have an existing $3,000,000 line of credit, of which $2,200,000 has been drawn down.
1) When is the last time SNTI raised cash through an offering (diluted)?
Senesco completed a $3,000,000 offering on January 8, 2013.
2) How much cash (not cash equivalents) does SNTI have?
Senesco had cash on hand at September 30, 2012 of $1,312,056.
3) What and approximately when is the next known catalyst?
We will be reporting the results of the second cohort of our Phase 1b/2a clinical trial in multiple myeloma. The timing is dependent on patient recruitment and retention, however, we believe that we will be reporting in the next couple of months.
4) What is SNTI's quarterly cash burn?
Senesco has historically burned approximately $1,250,000 per quarter.
5) Does SNTI have an existing line of credit and if so how much can they draw against it?
5) Senesco does have an existing $3,000,000 line of credit, of which $2,200,000 has been drawn down.