Well, what is obliviously misleading is that kab is illiquid, or even worse: "virtually illiquid"
They had money in the bank in the previous quarter, and since no one knows what the company spent, then to say they ran out of money is just pure speculation with no proof.
If they spent 400k something in one quarter that does not mean they will spend the same in every quarter, naturally companies preserve cash when it is tight till they get a chance to raise it one way or another.
Readers should also refer to the quarterly to get to know what "Aadmin" expenses are, they are related to the project on the ground and NOT directors fees, and so they can be changed significantly from one quarter to another.
KAB Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held
