The last question by Lew Small was really not answered in a direct manner....why? Based upon current burn rate vs remaining available lines of credit how many months of operations are possible before ACTC hits the wall and runs out of cash and is forced into another knee jerk reaction financing arrangement? Why was the issue of liquidity not directly answered?
10.6M cash on hand plus LOC draws as of 3/31, 2M monthly burn, we are in mid-June, 5M to go, give or take, lights are on 'til 9/1.
Oh, lest I forget, the 1M cash payout settlement, leaves approx 4M, lights on 'til mid to late July.
Time to panic?
Because they're a-holes that at so arrogant and self assured that they believe they can do anything the want without ever being being accountable for their actions, or lack of action. And they're this way because of wimpy and gullible shareholders, who voted FOR all the proxy issues they requested for last time.