Well not professing to be the expert on such theories I believe...

Well not professing to be the expert on such theories I believe that optimism bias is the opposite of pessimism bias where one consistently views it unlikely that targets will be met and is prevalent throughout your analysis.

Cash will be nil at the end of March if nothing else happens based on a projection. You have already agreed there is funding available so even if the bank balance is actually $0.00 on 31 March and they access the facility on the 1 April and get more funding– what is the relevance of the 31 March figure apart from being a handy tool for injecting fear into shareholders minds?