Wasn't the burn rate 0.5m last quarter (I could be wrong, but I don't think it was 5m).
Anyway, I think you need to read between the lines on this one. Announcement today was to deaden the pain of a terrible quarterly - but make your own judgment.
I got out at 0.8 today - and I was happy with that exit as I want to avoid the rush come the quarterly. Could be wrong and will kick myself - but the MOU was key to them staying above water IMHO.