"It looks like MXR are going to run out of money and/or will...

"It looks like MXR are going to run out of money and/or will have to flog remaining assets. Either way, it doesn't look good."

JimiHendrix2 I am not too sure what you base that comment on or over what time period you are envisaging MXR to run out of money.

I find it hard to be satisfied with your observation.

If we check the March 2010 Quarterly we can identify that it stated there that at the end of March 2010 MXR had a total of $1,629,000 CASH available.

Now the projected expenditure during the current quarter was planned to be a total of $301,000.

Now according to my calculations if all those figures are correct then at the end of June MXR should still have over $1,300,000 cash still available.

Should be able survive a while longer I would assume.