This was taken from a Q & A with NC back in September last year...

This was taken from a Q & A with NC back in September last year and could explain the reason for this 4c

Q: Alexium has provided shareholders with constant news flow throughout the year, and appears to be kicking a lot of goals. However, there was distinct lack of cash flow showing up in the last financial report, which surprised some. Do you have any comment on this? When can investors expect to see revenue banked from the significant list of recently acquired clients?

NC : I think the cover note on the 4C showed the reason behind that. Our Revenue was up significantly more, and the only reason why the cash position was low, was based on client payment terms where the money hadn’t hit the bank.

there is also talks within this Q&A about the "quiet period" in which they have made moves to list on the NYSE..

As far as i can see, big things will be happening in the "end of CY2016 Ramp up" as the company has said many times before.