Technical Insolvency ?, page-10

All comes down to runway days re solvency and likelihood (often only known the board) of funding being available. I was just surprised with such significant expenditure this quarter there was no mention of capital arrangements or requirements being covered for the next quarter. I would strongly suspect the board has planned something for  TMT and its cash position going forward, just find it unusual no comments considering all (seemingly) available funds are spent and gone in 7 weeks. 

Company leaving a runway of weeks not months is obviously not ideal. A take off agreement at this stage seems ambitious, but who knows, one hopes the board does, as obviously shareholders don't know where the next quarters expenditure and funding is coming form to cover commitments. 

Cheers M