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?
AEV Price at posting:
36.4¢ Sentiment: Hold Disclosure: Held
