Cash positionShares June 30: 41,3 M
Issue to mgmt : 13.0. M
Warrants : 3.0 M
Bal Oct 11. : 57.3. M
if we use ave. exercise price from June 30 financials of .16 ,cash raised would be approximately $480,000. This should more than cover cash requirements for the second half of the year. Hope we get good news on the 11 mil warrants expiring. It would be nice to see more cash in the war chest.