Ann: Quarterly Company Update, page-4

"CLH expects to have the current level of operating cashflows (excluding the tax refund) till the end of the third quarter of this current FY, when it expects its Client revenue activities to improve."Translation:We only have $3m in bank (including January receipts) and expect to lose at least another $4m this quarter. Seems it's come down to playing chicken with the bankers - help us out if you want any chance of any repayment.