They had $12.3mill in cash as of Dec 16. As of Mar 17 they have $6.4mill. $700K of that was in loss in exchange rate moves. Clearly, if we are to believe that they will be cash neutral by end of June there's enough cash to get them through even without the remaining loan amount they can draw on. And even if not, extending loan arrangement by a couple of extra million dollars wouldn't be an issue you wouldn't think. I can't see a CR personally.
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