cash flow

At end September 30th based on there Appendix 4c MST had $512,000.00 in the bank and for the quarter they burnt $2.44 Million dollars. Thats a burn rate of nearly $200,000.00 per week. To today 9 weeks at #200,000.00 is $1.8 million dollars less the $512,000.00 leaves them with a whopping $1.3 million dollars in the red and increasing daily. Admittally they have been stringent in their spending so maybe half these figures but take into account they have debts of $16,755,000.00 which is fully drawn.
They are insolvent.