Ann: Trading Halt , page-2

If this financing deal fails its likely the trading halt will be extended a few weeks, and may even go into a suspension of trade.

As i pointed out by cash burn last quarter there would be almost nothing left.

Cash at end of Quarter 31/3/2013( your out by a month spruik) is $2,710,000 out of that $2,295,000 was proceeds from issues of shares.
The important part is cash burn which was $1,420,000 for that quarter... = $1,290,000 left from the 31/3/2013.

The board must weigh up the cost to shareholders of Ablation and if BLR move forward with it or cut the losses.

I did point out many moons ago that 2 projects for a low funded company like BLR was not a good fit.. that why i cut my losses and got out.