Cash Position

So, based on my understanding of the cash position I had assumed that CFU needed the safety net that was being provided to them by Bergen.

So the fact it was due to end after 12 months and has...well I am not reading into it too much. But the question behind that is for me "did CFU want to extend this agreement?"

So the answer is rather critical as if Bergen didnt see the value in extending the agreement then there are not too many more avenues for raising cash. The flip side if Bergen are happy enough to roll along milkign an easy margin from buying shares and CFCL chose not to extend...well that is a strong indicator.

It can't be a strong indicator that they are going to fold, as that makes a mockery of any audit/due diligence performed by iPower. Granted iPower are not EON so the confidence from their auditing may not be as rigorous as some of the big political animals in the electricity/power sector....but they are a niche co. who don't have cash to throw around. So I take their committment of the dollars already paid to CFCL as a factor that they at least see acceptable risk around their funding and roll out of units this year

So...ramble, ramble, ramble...my take on the cash position isn't very healthy. So? Thoughts on where current cash gets us...and what may be coming?