PFG would require them to draw down the loan before the line of...

PFG would require them to draw down the loan before the line of credit can be used. In essence they probably only need another $5m on top of the cash in hand at the end of the last quarter to get them trough to the end of 2018 before they are cash flow positive based on a cash burn of an average of $2.5 million a quarter. Hopefully they will not require the LOC and pay back the loan quicker. They may also need an injection of short term funds for the HPV vax.
The loan is much better than a cap raise as it would have cost much more than the interest payment.
I still expect to see a cash burn this quarter of about $2.5 million so the loan will help prop up the balance sheet for the December quarter.