Jul. 31 at 10:59 AM
$BCAB Not Financial Advice / Do Your Own Research. FRIDAY PART 1: As follow-up to yesterday, wanted to add a couple of upcoming milestone dates and perspective. (1) BCAB has been compliant with all SEC filings in 2026. (2) Given their annual shareholder meeting was only two weeks ago, and in that meeting it was voted to retain Ernst & Young for another year, and that there have been no subsequent filings regarding their auditor, I would expect the 10Q for 2Q to be filed on or before Aug 15th. (3) The 10Q should reveal cash position as of June 30, 2026, which will include the May 15th payment from Context of
$4.5M. It should also note if Context made the
$2.5M payment due August 1st. Combined, we should be able to get a better sense of the monthly burn rate with the reduced workforce, etc. I have it as
$600-700K now, which means that if they started Q2 with
$2M, added
$6.5M, they should have approx
$5M as of Aug 31 (assuming the higher
$700K/mos burn).
