What I see is
Decrease in cash held in the current quarter: $1,190,000
Assuming a quarter is 91 days.
Average decrease in cash per day (1,190,000/91): $13,076
Cash in hand at the end of the quarter: $73,000
If the cash continues to decrease at the same average rate as it did in the current quarter, how long will the cash in hand last? (73,000/13,076): About 5.6 days.
That's less than a week.
The million dollar questions for me are:
Will the cash usage decrease substantially relative to the current quarter?
Is there another source of funds?
How much time has CTO realistically got to negotiate with an alternative to KIG?
What happens if and when funds run out?
My thoughts and ramblings only from a non-accountant.
CTO Price at posting:
2.2¢ Sentiment: None Disclosure: Not Held
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