From their own Quarterlies. They had $259,000 in cash at 30th June.
The raised $1 million in early July. So that $1.259,000.
They estimate spend of $1825000 for this quarter. That's $140,000 per week.
We are 10 weeks complete through the quarter so that's outflows of $1,400,000. So they are $160,000 underwater right now according to their own numbers.
They will need another $140,000 this friday as well.
They need to raise money urgently based on their own announcements.
They need something to raise the funds against. An ML at San Jorge or a PL at Kolosori.
where are these things??
From their own Quarterlies. They had $259,000 in cash at 30th...
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