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?
Where has the cash gone at MAK????End of quarterly report June...
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