A lot of things in this report but from a quick read, unfortunately the balance sheet is looking extremely stretched. $69.8M cash plus $16.5M receivables due, versus current liabilities of $169.7M of which a huge chunk is payables due:
Seems like they’ll need another capital injection, or the state to agree to keep kicking the royalties down the road.
A lot of things in this report but from a quick read,...
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