$190k cash 30 April, plus $1.4m convertible notes less estimated $1.6m spend in the current quarter = $0 cash balance 30 June. Of the $1.6m $055m was new investments. So sale of Invert Shares for $1m gives them cash for the next quarter only - no funds to invest.
What happens for the December quarter when they also have the first lot of notes repayable.
Tick tock tick tock
