To GMT, I guess it is difficult to "read or add up" if you are assuming information due to be included in the next quarterly and assuming a problem because it has not been included in this quarterly. This quarterly assumes approval of the ELM funding deal, receipt of the $3 million dollar initial tranche from ELM to be followed by subsequent tranches. Anything further would be beyond the concluding date of the June report. In view of the June report I would expect an earlier announcement about the next tranche to only be required if it was not forthcoming. This of course confirms your comment that they should be running out of cash which does not appear to be the case.
CTO Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
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