Ann: Full Year Statutory Accounts, page-125

The context of the report is year ending June 30, 2018.
Therefore the context of next year in Page 28, item 3 is year ending June 30, 2019.
I agree FBR has enough money to June 30, 2019, and my prediction is there is enough money till Feb 2020.
The thing to keep in mind though, at some point the company needs to be cash flow positive.
Cash flow positive means that they are bringing at least $1 more than they are spending.
Currently FBR are spending about $7 million every 3 months with staffing costs predited to grow.
To be cash flow positive, FBR need to have revenue greater than $7 million every 3 months.
Is this likely to happen before Dec 2019?
Not likely.
FBR would not wait until the bank account ran close to dry before rattling the can.
FBR will naturally seek a CR before the bank account runs dry, so that they put themselves in a strong negotiating position they will do a CR well before they are nearing $0 to avoid appearing to be desperate.