You do realize that the current cash outflow is due to manufacturing which will now be at least partially suspended? I mean that's not only common sense it's what management has stated.
That cash balance was as of June 30 and at that same time they had $46 million of AP and Accrued expenses, so that $120 million was $74 million. HGEN burned through a good amount of cash in July, August and early September, plus they have $25 million of Hercules debt outstanding. Enjoy the dilution, longs...