As they said in Jaws,We're going to need a bigger c/r. There was...

As they said in Jaws,We're going to need a bigger c/r.
There was about $1.5m to be repaid by June.
MCL took on another $1.6m in debt in the Dec quarter.

3.5 Proceeds from borrowings (MCL Directly) $1.623m

MCL will probably have to borrow more this quarter,
Neil stated MCL can't use QBL funds until re-compliance or the Prospectus
money,as it's in escrow.

MCL will be over $4min debt before lising.
Expenditure for this quarter $1.85
More debt coming.