For me this one is on the bottom drawer - at least for now, but...

For me this one is on the bottom drawer - at least for now, but I wouldn't mind knowing what they are going to do for cash.

From the last quarterly activities report

Cash at end of quarter $2,667 k

Estimated cash flow next quarter -$2,000 k

Financing Available $0

Net operating cash flows last quarter -$9,863 k

Net cash flow last quarter -$5,502 k

Last quarter they had inflows of $2,077 k flagged as equity investments - so I presume shares in something.

They also sold $2,369 k worth of shares/options.

But they need to do something positive and fast. In the current environment any weakness in the balance sheet is not going to be looked upon favorably.

Or to put it in simple terms if something untoward happens that costs more than $667 k then their cash outflows this quarter will be more than they have cash to pay.

The big worry is that in Sept they forecast $2,400 k of cash outflows for the Dec quarter and actually spent $5,502 k


So I am not particularly comfortable with this - although it may force them to do something.

I presume they will sell more shares/options - but that is just further dilution