Ann: Market Update, page-2

I haven't looked at this stock for a while (it's been hiding in my bottom bottom drawer) but I did make a note following the last quarterly to check the companies position towards the end of March.

I'm hoping though that some posters with a financial background (or at least a better financial understanding than myself) could confirm my thoughts on the following:-

In the last quarterly it shows the company with a cash at hand balance of $30k with a draw down facility of $250k ($100k which had been drawn down). The terms of the facility was repayment by the 31st March 2015 with a 6% flat interest rate. In light of the lack of options being taken up/converted I can't see the company being able to meet this repayment based on current finance available?