Crab, at 31 Mar they had cash of $100m vs current MC $44m. They did project a spend of $40m for the current quarter, but that still leaves $60m. So when you say "Mightn't be a slow death" what exactly do you mean?
If the CS facility is not renewed, they have enough cash to putter along with a skeleton staff for years if they have to.
BND Price at posting:
8.4¢ Sentiment: Hold Disclosure: Held