Working capitalCash position: 36M, down from 46M last quarter.
Current liabilities: 53M, up from 45M last quarter.
LT debt of 71M, in addition to current liabilities.
Acc payable less acc receivable is a further 12M.
During the quarter the company added two working capital debt facilities and one inventory financing agreement to the long list of existing debt. Within the next 6 months more than 60M of now long term debt will have been transformed into current liabilities.
Accordingly, current liabilities will be north of $100M by then while the cash position will have dimished further. How is this going to be resolved? Barring a miracle there is only one option where this leads to. You heard it here first, half a year ago. And it's become more obvious with every quarterly report published since.