Jzed looking at the December qtr report they had $52K in hand...

Jzed looking at the December qtr report they had $52K in hand with that they were going to expend over $300K including $150K administration most likely on salaries during the march quarter. At this point IMO unless they have secured another exorbitant interest loan they surely would be insolvent as the cash in hand would only have paid January wages.