Ann: Quarterly Activity Report - revision, page-49

There is one issue remaining that we don't know and that is their actual cash position right now, They said they have .7 of a quarter of cash. That was at the point they issued the Quarterly Activity Report. Since then the following has happened:

Cash at Quarterly Activity Report

PLUS: Cash received from Debtors
LESS: Cash Used

Equals Cash NOW

If the cash in and cash out equal each other the Cash on Hand remains at .7 of a quarter

This is what we don't know. But we do know Revenue is down, we do know they chew through cash, so it is probable that the cash holding period has reduced. The important number here is Receipts from debtors. Just a point to remember. Ultimately it doesn't change their issue. Just the time frame changes.