if you read the fine print, some of the loan maturities have a...

if you read the fine print, some of the loan maturities have a roll over option, which means cash is not paid out. hence the company cannot definitively state when cash will come in.
dont forget they are paying onerous deferred interest on the loans - 6% above margin - which needs to be paid at maturity and they are running at a loss currently.
until they can refinance or get cash in to pay off the loans they cont to accrue losses.
dont forget defaults may occur at anytime and small losses can make a big diff to NTA potential. l factor in 3% default rate which is historical average.