Told by who? The same guy that said they'd be profitable at 50 stores? lol! Spicy Pickle says that at the end of March they had $3,595,125 in cash and cash equivalents and they lose a little over $1.5M a Q, ($1,532,444 last Q) so right about now they have about 4 months worth of cash left and they're about 150 stores from being profitable.
That's "a lot of money in the bank"? lol...sorry...
Gonna be interesting to see what they have to give up for this next set of financing. Considering today's lending environment it should be painful.