Not really, they were 2m or so in the hole in current payables
and also paid the noteholders off. That combined with thousands
per day in losses has it all pretty much spoken for. And of course
the xmas bonuses for all no doubt for such a stellar performance and
you have a company in need of you unending support in a matter of
months. Read a balance sheet.
Except they've been decreasing Q over Q. Next Q should be higher (Q1 of this FY), if the PR is to be believed, but then, Q1 of last FY was the highest for the FY, and it was downhill for the next 3 Qs (regardless of what IV wants to believe; he should learn to read an income statement).
Within the past week another alias was screaming the same thing ..... $ 4 mil in the bank and doing $ 400K/ quarter.
At least one of them is misinformed. Likely both are. Both claims can't be correct when they're spaced two months apart unless the company had finally, suddenly, and unexpectedly begun selling enough product to cover the cash burn and accounts payable simultaneously. On December 15-ish the 10-Q should be filed and we can see what the cash and cash equiv line of the filing reveals.