WE have $5.1 mill in cash and $6 mill in inventory, but we have...

WE have $5.1 mill in cash and $6 mill in inventory, but we have current liabilities of $2 million. So assuming we cant sell the inventory while we wait, we have about $3 mill in cash. So, using say $300,000 a month as spend, we have 10 months of cash before we would need to raise more. If monthly spend goes down to $200,000 per mth, we have 15 months.

In my view, we have way too much inventory. Further, I am not sure how they can even say it is a current asset, when we cannot sell it. Bad decision by the board based on bad forecasts by management about timelines. Obviously, management said they were "confident" to the BOard also about getting the CE mark before this.

Nonetheless, if they start taking immediate steps to significanly cut monthly spend, we should be ok. No more trips to Boston to "prmote" TIS.