I suppose the cash raised was inadequate to build an extension...

I suppose the cash raised was inadequate to build an extension or new facility to increase production.

funds for 3.4 quarters at current cost rate won't go far unless there is revenue.

with increased demand for product, and that being wanted sooner rather than later, they really need to scale back R&D can corporate overheads...... or go to a lender to provide cash to increase production.