Out of the cash they have, they still need to pay for north BDT acquisition and PS&C is still owed money!!!! So effectively they have NO cash on hand and $5 million debt to service!!!
when you also consider the above, the debt and the size of losses, the following conclusions can be made:
1) CR soon (if TNT is lucky enough to get one), otherwise lights out
2) More and more dilution
3) No chance of being CF by year end!
4) Never trust the company Ann, particularly the future predictions
5) I'd be asking Geoff Lord (how good does his reputation look now?)to review his CF and revenue predictions in light of the recent appalling 4C
