I believe that their cash management is fine. I don't know what your business or financial experience is, but if you don't have anywhere close to the experience that their executive team has, you should consider the possibility that there are many things in this regard that you don't understand. I explained working capital and that was followed up with another post from Odessa. Additionally, we don't know what they have cooking. For example, we did not know that they were going to invest $2.5M in a company or that they would receive $4M in financing.
Not to accuse of anything, but investors need to give executives more credit, especially if those investors have no experience running a company.
I like sports analogies. When the Seahawks drafted a short qb, most people, outside of Virginia, North Carolina, and Wisconsin, including the fans in Seattle, said that they made a huge mistake. When they named him their starting qb, the fans in Seattle went nuts. They claimed that their head coach and gm should be fired because they did not know what they were doing. Here you had millions of people with no coaching experience or playing experience calling one of the most successful college coach stupid.
Three years later, after 3 straight playoff appearances, including 2 super bowls, people have realized that they did know what they were doing. As they explained in the ESPN piece, "Waiting for Wilson," nobody knows what their strategic plans are. Similarly, we don't know what MP's plans are, outside of what they decide to share with us. So, we need to give them more credit. Four million dollars to $177M is unprecedented. Give them more credit and have patience.