the financialsWhen Sgnl said they had $16 million March 31 they were telling us part of the story.
But they forgot that they had $7 million in bills due.
They forgot to tell us that if it were not for the $7 million from pointe rousse, they would have lost $10 million in the quarter, instead of $3 million.
They forgot to tell us that corporate administration was $1.4 million dollars for 3 months.
So they are down to about $9 million, not $16 million.
And that will last about 3-6 months at the way they have been spending money.
That is why they are doing the financing now. So they have funds to last until and possibly through the fall.