they churned thru 8M last quarter says $5M because creative accounting on the $3M from the rebate.
if they churn through another $8M this quarter = not much left in the kitty.
everyone knows now they are 100% needing to raise.
question is can they secure funding before they need to raise cash.if yes, there’s still hope.
if no, and they say they need more time this goes back to the 1’s with massive dilution
this is truly casino stuff
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-9
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