Qtr 4 2013 cash balance was 12.5 million - Did this include Mercury's cash balance or not?
Ok, I can be a little slow sometimes; At first,I was assuming the 12.5 million was the current cash balance.
Hoping now, that was the cash balance at December 31, 2013 and now the balance should be closer to 22 million. Can someone please confirm this...Thanks,
The 12.5M includes the 10M from Mercury. So they were down to 2.5M. Also, they just spent 8M on the latest purchase, so they are back down to 4.5M or about a quarter of losses. They will need to pull the trigger on the secondary and raise more money asap or they will run out. More dilution coming, but they can easily raise another 10M pretty quickly.