i think they have enough cash to last until September again for the CR.
3.3m cash as of last quarter. approx 1.2m cash spend per quarter (assuming spending in next 2 quarters is the same as the current quarter) with a tax refund to be received from french government. the refund was $300k last year, this year it should be bigger as we have spent more money on R&D.
Having the CR in September will hopefully line up with the completion of 28nm/300mm integration, which should cause a bit of hype and ensure they can raise the required funds to complete the production fab.
Sale of the Century, page-22
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