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$250,000 ensured by the fdic? well, the $250,000 would have been nice to start today, but for us that would have meant that we would have had to shutdown by the end of the week, because we would have made payroll and that is not a full week for us, and the thing that people have to understand is that as the co-founder and ceo is that if i had let the team work past friday, i would have had to cover it personally, and i could not let that happen. stefan, why did you put all of your cash in a single bank? well, it sounds irresponsible, but the first one is that this is the part of the agreement with silicon valley bank. when you borrow from the bank, that is fine, but you need to put all of the assets in the bank, and the second part, and this is just that it is odd to think about it now, but a week ....
Mexico City, London, and now Frankfurt am Main, Germany: Experienced Pharma manager appointed to lead Merz Therapeutics As of immediately, Stefan König will be responsible for Merz Therapeutics ....
Seasoned executive to leverage his industry knowledge and experience from robotics manufacturer ABB and KUKA Roboter as well as cargo flow company Cargotec to support ProGlove's growth journey Stefan ....