guoxinfa, I would pay attention to lionels caution. Field EBITDA...

guoxinfa, I would pay attention to lionels caution. Field EBITDA does not translate to income.

Lionel, just doing some rough numbers with a Field EBITDA where one assumes company overheads remain pretty stable. there will cash flow of about 1M to 1.2M per month (using a range of senstivities about associated expenses).

After paying 13.8M they should have 3.2M in cash, which after 6.5M leaves an outstanding balance of 3.3M - they should be able to cover this from cashflow over a period of 4 months.

But as you pointed out earlier it's very close to having no cash - this doesn't leave for much room to manouveur and might violate covenants that trigger the need for a share placement which will more then likely bring the sp down.

These are all funny numbers. Any one have better insight?

s