If they had $800k as at Dec 31, and have been consistently spending $2m per month (over last 6 months), by my calculations as of today they would be $1.2m in the red. I just hope they have something up their sleeve to indicate where they are going to get the cash from for day to day operations. Because as it at the moment, they have spent about $1m more than they have.
MAE Price at posting:
12.0¢ Sentiment: None Disclosure: Held
