RE:RE:RE:RE:Any one catch the call?? First, that $60mm estimate was snarkily thrown out there, and when dissected and refuted as "a much lower number", there was no additional contesting. I will agree they had no clue what it might be, and I would have expected them to have such a figure prepared to give investors on this Q&A.
The loan is fully "drawn", but not spent. I was under the impression they would "draw" on an "as needed" basis and only pay interest on that amount, so it was a bit of a disappointment to learn they got the 30 million cash and now have an additional annual expense of $4.5 million in interest.
However, they sounded confident they are decreasing expenses, increasing revenue and will be on the path to cash positive in 2021.
It wasn't all doom and gloom as your interpretation would suggest.