RE:ScotiaBank Latest Research Except that 1/2 of that $117m in incremental liqudity has to go to paying down debt and they only had $13m of cash at the end of the 3rd Q.............so the net $60m of incremental liquidity covers off the 4th Q and leaves them with about $13m...........and then they have a tax refund coming of $60m in the 2nd Q that should pay for the 1rst Q's burn (assuming they can stretch things out)............and then what? They are out of options unless they can do a financing.............touch and go.