The court appointed monitor is recommending the extention to the Judge. So I would think that it will be approved.
After reviewing the expense reports (even though some or most of the preperation fees will not be reoccuring) the company is burning 1.2 million per month on average against the bridge loan balance.
The Monitor is stating from the unaudited record that KRY will have 435K left on April 13.
At that burn rate appx 13 days or end of April / early May is where the Tenor financing is all played out.
One more paycheck for everyone! Hopefully kry shareholders also.