+ $1.5M from India + $2.0M from QMVT/Paull + limited QTMM share sales - Payroll (incl. taxes and misc. benefits) approaching $2M per year - professional services (legal & accounting) - misc. COGS items - They are still adding personnel (another IT person in November) and are running ads for more. = The need for additional cash.
Whether they have secured a deal that gets the share price above $0.03 I don't know, but they sure are acting like cash is not an immediate concern.
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