SC, With their recent belt tightening measures, they got the burn rate down to $8-9 mil per quarter (approx $2.83 mil/month). They had $12 mil at the end of June, so they'll be down to $3.5 mil at the end of Sept. At the end of October, cash will be right around 1/2 mil, and they'll have to close their doors. So the grim reaper arrives in ~6 weeks.
To survive to Feb-Mar, assuming the $2.83 mil/month burn, they'll need an additional $12-14 mil (I rounded it off to $15 mil).
So to quote the immortal John Belushi - 'my advice is to start drinking heavily'.
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