As per last quarterlies. Current cash position was $1.2million plus a possible $2.7million in con notes. Total available $3.9million Expected spending last quarter $2.2million ( roughly $170k per week ) As the con notes have all been converted as per axiom 3Bs, one would assume that roughly $1.7million was remaining at end of March. Say, the total expenditure is on par with last quarter for this coming quarter, it's safe to assume $170k times 4 weeks past = ~ $680k used so far. With $1million remaining at a spend of $170k per week. Equals no more than 6 weeks until axiom have ZERO dollars. Companies never raise at ZERO dollars. So funds will be needed within 3 weeks. More con notes? Debt funding? Or shares issued?
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