For the sake of discussion, I note that the most recent...

For the sake of discussion, I note that the most recent quarterly report (as at 30 September, released 30 October 2o15) said MOZ had $1m cash (cl 1.22 of appendix 5b of the quarterly cash report) and that MOZ expected to spend $750,000 from Sept to December 2015 (cl 4.1-4.4 of appendix 5b of the quarterly cash report).

Taylor Collison tells us that MOZ had $1m cash in December, albeit it seems they may have been assuming that the $1m that the company had in the Sept-Dec quarter would be around until the end of December.

It occurs to me that MOZ may actually have $250,000 cash at the end of the Sept-December quarter, in which case a capital raising must be coming up very soon indeed.

Is Taylor Collison being slightly disingenuous with their report, or have I missed where the additional $750,000 came from in the Sept-Dec quarter?