Ann: Quarterly Activities Report, page-42

I am not an accountant, just trying to understand what the underlying cash burn is/has been/may continue to be. Please correct me if I have got something wrong here, but it appears they are burning around $40m cash a quarter consistently?

If the cash burn continues at $40m/q, they currently have $10m cash and equivalents at end of March q. Not sure how much of the June 21 $42m loan they can still draw down on, does anyone know? If they have less than $30m available in the loan, they probably will need to raise again within the next two months by the looks of things. I am guessing end of June quarter -$30m cash given cash burn and cash in hand in March, less whatever loan they can still draw down on.



CORNBRED