$457K in cash at end of December. Expected expenses for March...

$457K in cash at end of December. Expected expenses for March quarter of $136K leaves $321K at end of March. Assume another $136K expenses to end of June leaves $185K at end of June. Add US$100K just paid out for due diligence. Then add another US$400K required by end of this quarter if acquisition goes ahead. Will leave others to calculate that out.

They won't be waiting for the last minute to try and raise funds. CR is imminent imo.