Cash was $42.325m at 31-03-12
Estimated cashburn for June qtr was $18.195mil
That leaves ~$24mil at 31-06-12 before June qtr revenues are added.
Revenue averaged $10mil/qtr for last 3 qtrs
I reckon they will report a net cash balance well over $30 mil in the June qtr report.
With continuing revenues coming in and no big spends coming up I don't see the case for a CR.
reality, page-37
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