Ann: Xanadu - Corporate Update Webinar Notice, page-7

That cash position was end of June.

Factor in + 3 months of the forecast burn and you've got $7mill cash position end of Sept.

The way these guys have an appetite for cash burn, that'll last them until end of March. So either raise now/into xmas or risk the market vultures being set on them when they're running it thin early next year.