Thursday, December 10, 2015 11:20:37 PM
Based on recent cash burn, it will be very tight to stretch current funding until the investigation is complete and I don't see anyone stepping up to the plate for a financing while the investigation is ongoing. If they need to conserve cash, should we expect all Direct phase 2 prep work to move to the back burner (I think so, but would like to hear other opinions)? Also, the site preparation for L that was referred to in the recent shelf, do they suspend that as well? What about the construction project in Swaston, which is likely very capital intensive? Do they basically put everything on hold at this point to conserve cash until the investigation is finished to make payroll and other operational expenses? How much of a setback/delay will the investigation cause for all of the current initiatives? Just a few of the questions I am mulling over right now.
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