Just using cash and receivables, doesn't equal their accounts payable ( does not include short term portion of long term loan) In fact they will probably do the opposite. Cbai will do another offering of shares to raise money, unless they can refinance there current loan, which is not likely, but possible. They have to increase their sales to avoid this. At this point I do not believe that have yet. Don't forget they lost appox. 1.3 mill in annual sales from the subsidiary they sold.The market place will reflect the value of the company. Put it in perspective if a person had 700m in cash, and 300m in receivables, and owes 1.3 mill of accounts payable (operating expenses),1.1 in other current liabilities, would you buy a sub penny stock? This just reality, not what someone wants to happen. They still have to pay the loan, it didn't go away.
