the rat is starting to smell, page-42

Spoke to the CEO recently. He did make it clear that the delay was not due to lack of time, but couldn't give me a reason as to why the cheque was late. This makes me think that it is due to something which is price sensitive and he cannot disclose.
He probably cannot disclose either : (1) cash flow problems; or (2) desire to make the figures look good for quarterly.

He did assure me that I will get the cheque after Easter - I would have liked an assurance of something earlier. So it seems to me that they are expecting some event (capital raising or investment) to be completed around Easter time.