[susanwise]

New money in does not want to execute this plan, and last money in wins. Given the debt vs. cash scenario, I don't have enough cash to execute he 60-90 day burn wind down plan. But from a logical perspective I completely agree with you and really should have pushed for this approach a year ago. We cut down our burn by nearly 50% last year, but turns out really should have cut it by 80-90% to not have to be in this spot.

[vivegi]

That is difficult.

It constrains you to raising additional money at unfavorable terms whereas executing the cost reduction plan under complete control of current management would give you additional time to postpone the raise at possibly better terms (since your company isn't bleeding as much) and a possibly better fundraising enviroment given where the larger economy is at.

But that is difficult to execute if everyone that matters doesn't want to go down that path.

Good luck in any case.