it's the end of the quarter you can safely subtract around 5 million from what you are quoting, so I would say they are sitting on around 13 - 14 M in cash at the moment and around 25 M to start the year with if they sell infusions for around 10 - 13 M.
The company is at a situation where the profit from infusion is less than what they are spending into R&D, so it makes sense to sell it, use the cash from the sale to advance sales of adapt, lower the turnover to less than 20 million for now, get the R&D refund which is greater than the profit they are making from infusion.
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