Our friends, page-42

With all due respective numbers don't lie, they are therein black and white.

In case you missed them, the company had under $3 million at the end of the quarter. We're already a third of the way into this quarter so the balance is of course lower now.

They've forecast cash burn of $1.65 million this quarter. Now assuming this is accurate (which IMO is up for debate given they were out 50% in relation to their budget for the last quarter) the company would have a little over a million in the bank at the end of this quarter.

IMO if the company allows that balance to breach $1 million with their rate of spend then they are asking for trouble.

Again this is based on them cutting their spending this quarter almost in half from last quarter but meanwhile you yourself said you spoke to management yesterday and they are going through to BFS, does this not cost anything?

IMO the numbers clearly demonstrate a CR is essential and has to come in the relatively short term.