$10 Billion Deal, page-13247

It will get interesting if the results do not arrive this quarter - another missed milestone will not go down too well with anyone.

getting into July, the cash reserves will be under a lot of pressure. As it is, the cash levels at the beginning of the quarter was less than the 1.6mil R&D rebate which indicates they would have been insolvent without that payment. Even if there is a reduced cash burn, available funds would have run down.

I suspect that any cash raising will come before the release of results if they don't arrive this quarter.

At the very least, BIT needs to update shareholders (and the market) of any further delays before 30th June.