Based on current information in the market, surely these guys...

Based on current information in the market, surely these guys finally need to admit defeat and tap the market for additional capital.

Reading the quarterly, they had outgoings of over 1m, yet only 800k left in the bank, of which 600k was raised in early December (ie: when the well ran dry) in the convertible note.

I have seen other companies queried for not having 2 quarters worth of capital, maybe I am missing something, but shouldn't the ASX send them a letter?