Where has the cash gone at MAK????
End of quarterly report June 2009 MAK had $7,679,000 cash then in August 2009 they raised a further $43,000,000 from the SPP giving them cash of approximately $50,000,000.
As of last night's release, their total cash now stands at $31,135,611?????
Given those figures MAK have burnt thru $18,865,000 in 12 months.
Surely i have missed something here, can anyone tell me where my sums are incorrect.
Surely they could not have possibly gone thru that amount in 12 months?
cash burn
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