Where is the $13M assets from? 1AD has $5.79M cash at end of June quarter of which $1.63M is a loan to Radium at 14% month on month interest. This is another loan with only $2.4M coming this quarter (at least this one is a negligible interest rate). Will be interesting to see the 4C at the end of the September quarter. Based on last quarter expenditure of ~$2M this loan will see 1AD cash neutral for the quarter so roughly with around $6M cash and $4M in debt/loans. We have a MC of $23M..... CR??
Ann: $4.0M Non-Dilutive Financing with Victorian Government, page-3
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