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I think the management has done the right thing and call in the va while there is still money in the bank to allow for a proper review of the situation and still time to continue the operation.

If the management left it till the last hour and 1 m in the bank, would have been sacking 600 staff and close down from the get go. Time delay from shipment to money received for goods shipped can be up to 4 months. So for end of September and October, there is very limited cash flow due to delay is shipment. How long will the 6 mil last? They made the call to va.