There was $1607 end of 2nd quarter 30 june. $500k of options converted @ 2.5c since. It's 9th of October and 4c due at end of month. Would have been zero again end of Sep quarterly, hence the new option conversion.
There was a $2.1m loan facility of which $962669 was used in the June 4c. There is still $1137331 loan facility available of which none has been used since June 4c. If it's La Jolla facility,wouldn't count on it. There is still 13m 2cent employee options but are vesting till nov2012 which could raise another $260k if they have to raise by prospectus. Maybe some income coming in as well. Must give them credit for keeping it going.
GCN Price at posting:
1.6¢ Sentiment: None Disclosure: Not Held