the sky is falling - pffft !, page-5

Let's also put the cash deficiency into perspective.

Currently there appears to be a current asset deficiency of $12m. So IMO they need to raise that amount just to get them to a NIL position of current assets over current liabilities that have to be paid at some point this year.
That $12m is approximately 41% of the current market capitalization of $29m of the company.

So if they went to shareholders to try to raise that money, they would have to offer a discount to the current market price, let's say 15%. That would be seeking to issue shares @ 3.4c. To raise $12m it would be necessary to seek to offer 1 share for every 2 currently owned. I am not sure that an issue of that dilution is even permitted. And I think that if they were permitted to do so, that if they tried, the market price of the current shares would collapse to below that issue price.

Alternatively, they could try making a placement of that magnitude. The current shareholders would be really peeved to be diluted that much.

Chance of raising those funds in this current market at that price IMO is virtually non existent.

So how is the company going to raise funds to remain liquid this year?