Ann: Company Presentation , page-4

CPDLC, they'll be desperate for cash soon. Not enough cash in the bank for a quarter unless they get their $3.5 million refunded, and I wouldn't hold my breath.
Even with the $3.5 million repaid it will only last a few months longer at current cash burn.
Maybe the Directors/ management should take a pay cut since they've stuffed up.
They can blame the Turkish Gov't, but the writing was on the wall in May 2010. They were warned.
And that is why they are well paid, they should have their finger on the pulse.
If they want more money from shareholders, they'll have to lift their game.