interesting.
And keep in mind these guys burn through $80,000 each week in salary and admin. It’s almost 3/4s of all expenses! So there’s not much available in terms of cut backs.
Quarterly refers to $320,000 budgeted for ‘project development’ (whatever that means in the context of this company) so assuming this was not spend they may have as much as $600,000 remaining
Ann: Results of Meeting, page-20
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