What will be the trigger?, page-27

I suspect they are hoping to get the R$D rebate before then Lux. If Scooter is right, that could be as high as $1.9mil but it would be in excess of $1mil anyway.

Options (at 6 cents) are dead in the water, and they only had enough cash to last half of this quarter (and the quarter is effectively over this week end).

Technically, they have no money in the bank at the moment.

Unless they are on good terms with their bank, they are essentially insolvent until the R&D rebate arrives.

This is probably the main reason they are being very quiet at the moment - maybe they will start crowing again when the rebate arrives.

Be interesting what they say about future directions when they get the cash from the government. Where to from here?