Actually it is worse than having only $13k in the bank. As of the end of June they had real short term liabilities of close to $150k, that does not include any other liabilities accrued since then......
you probably have another $100k at least unless they totally stopped spending money which they didn't..... attorney's, accountants, payroll, etc.....
so in my opinion they get another $500k from Aeigis in a month or so, but will have to shell out around $250k to pay their bills, leaving them with $250k...... Except now aegis once they convert the stock will be towards a penny a share at the price they get it for which means they end up with an additional 100 million shares.....
Remember their historical burn rate was around $70k a month.
you can do the math.
