Ann: Corporate Debt Reduction, page-2

So they are paying out Fengli's $32 million in bonds for $27 million (plus accrued interest...unspecified...not sure if these are the $4-5 of short-term liabilities mentioned in last report).
So best case.
$42 million cash becomes ~$15 million cash (lower if the accrued interest is non-negligible).

Still have ~$33 million in short-term liabilities still to cover, with $15 million in cash remaining with 7 days to go. Will be interesting to see what Geely with do, given Fengli wanted cash rather than stock.

If they are raising equity, you'd think they be trying to raise around $25 million (either to Geely or to new institutional investors), so they have several $million left over for ongoing operations.